annual rate inflation inside United States of America continued to decline in Decemberfor the sixth consecutive month and 6.5%It’s under 6 tenths of November, according to data released this Thursday by the Bureau of Labor Statistics (BLS, in English).
on a monthly basis consumer prices fell by a tenthAt a time when we closely monitor whether the US Federal Reserve’s (Fed) interest rate hikes will bring prices under control in the US.
While the gasoline index, which contributed the most to the decrease in prices on a monthly basis, decreased by 9.4% monthly, food increased 0.3% in the last month of the year.
As the BLS recalls, the 6.5% inflation rate Lowest level since October 2021. Core inflation, which does not include energy and food prices, was 5.7% year-on-year, after rising 0.3 percentage points this month.
Inflation data came out at a time when all eyes were on inflation. sustained increases in interest rates What is accomplished by the Fed has the desired effect of keeping prices under control. The last one took place last December, the seventh since March. Despite half a percentage point compared to the 0.75 increase four times in a row, the Fed has made it clear that the increases will not stop for the time being. The next increase will be decided by the Fed’s Federal Open Market Committee (FOMC) members at their next meeting on January 31 and February 1.
As Chairman Jerome Powell has explained many times, data such as inflation data released this Thursday will have a lot of weight in the regulator’s future decisions.