Home » Inflation: Inflation rate in the USA increases slightly to 3.2 percent

Inflation: Inflation rate in the USA increases slightly to 3.2 percent

by admin
Inflation: Inflation rate in the USA increases slightly to 3.2 percent

economy inflation

Inflation rate in the US rises slightly to 3.2 percent

As of: 3:02 p.m. | Reading time: 2 minutes

Grocery shopping in Chicago, Illinois

Quelle: Getty Images via AFP/SCOTT OLSON

You can listen to our WELT podcasts here

In order to display embedded content, your revocable consent to the transmission and processing of personal data is required, since the providers of the embedded content as third-party providers require this consent [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the switch to “on”, you agree to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, in accordance with Art. 49 (1) (a) GDPR. You can find more information about this. You can withdraw your consent at any time via the switch and via privacy at the bottom of the page.

Inflation in the US accelerated somewhat in July. Consumer prices rose by 3.2 percent compared to the same month last year. Whether the US Federal Reserve will raise interest rates again in September remains to be seen. Analysts advise patience.

Inflation in the US is on the rise again. Consumer prices rose 3.2 percent in July after 3.0 percent in June, the Labor Department said in Washington on Thursday. The US Federal Reserve wants to curb inflation and make it dependent on the available data whether or not to raise interest rates further in September.

When looking at the fresh numbers, the currency watchdogs around Fed boss Jerome Powell also pay attention to the so-called core rate. The core rate has now fallen from 4.8 to 4.7 percent. This was what was predicted. This rate does not take into account volatile energy and food prices. According to economists, core inflation reflects the general price trend better than the overall rate.

See also  Hearing loss: “It takes an average of seven years before you notice it”

also read

Call money, fixed deposit & Co.

Inflation data are particularly in focus because they are of great importance for the monetary policy of the US Federal Reserve. After a pause, the Fed hiked interest rates again in July. However, she left the further procedure open.

Analysts advise patience

The Fed recently raised the interest rate range to 5.25 to 5.50 percent. Different signals came from the group of monetary watchdogs as to how to proceed: According to Director Michelle Bowman, further interest rate hikes are likely to be necessary to tame inflation. The head of the Atlanta Fed District, Raphael Bostic, recently saw no more need for increases.

also read

Bastian Hepperle from the private bank “Hauck Aufhäuser Lampe” assesses the interest rate development as follows: “The result is nothing more than a small setback, the path of inflation is pointing further down. The outlook for core inflation remains bleak. By the time the Fed meets in September, inflationary pressures will not have eased enough to call an end to interest rate hikes. A rate hike is therefore still in the air. Now it is important to remain patient.”

This is where you will find third-party content

In order to display embedded content, your revocable consent to the transmission and processing of personal data is required, since the providers of the embedded content as third-party providers require this consent [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the switch to “on”, you agree to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, in accordance with Art. 49 (1) (a) GDPR. You can find more information about this. You can withdraw your consent at any time via the switch and via privacy at the bottom of the page.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy