Last December, consumer prices in the United States increased by 3.4% compared to the same month in 2022. This was reported by Interfax Citing the US Department of Labor.
At the same time, the consensus forecast assumed that inflation would increase not significantly to 3.2%.
In the USA, energy prices fell by 2% in December, following a 5.4% drop in November, and gasoline prices fell by 1.9%. The rate of increase in food costs decreased to 2.7 percent.
Before that the World Bank reported He said the global economy will slow down for the third consecutive year in 2024 and is heading for its weakest five-year period since the early 1990s. World Bank (WB) Chief Economist Indermeet Gill states that despite the progress made in reducing inflation without a deep financial crisis, the global economy is lagging behind. World Bank economists predict that the United States will grow 1.6% in 2024, twice as fast as Europe and Japan. China’s GDP is expected to grow by 4.5% this year, following 5.2% growth in 2023.
Previously ECB appreciated Prospects for the euro area.