September 22, 2020

Prices in the United States increase 0.1% in September

Prices in the United States increase 0.1% in September



The consumer price index (CPI) grew 0.1% in September in the United States compared to the previous month, bringing the annual rate to 2.3%, the government announced today.

Core inflation, which excludes energy and food prices due to its volatility, rose by 0.1% in September, while compared to the same month of last year registered an increase of 2.2%.

The general interannual rate of the CPI slowed down, since in August it was 2.7%, while the underlying rate did not change with respect to the previous month, in which it also registered 2.2%.

The figure disclosed by the Labor Department is below the expectations of analysts, who expected prices to rise 0.2%.

However, the general upward trend in prices continues in the US, which will serve as an argument for the Federal Reserve (Fed) to continue with its strategy of raising interest rates "gradually" in the remainder of the year. 2018

The Fed raised rates in the range of 2% to 2.25% in September, after raising them in June, and is expected to carry out a further increase for the rest of the year, given the strength of the economy US, with an unemployment rate that closed September at 3.7%.

Thus, analysts suggest that the US central bank will increase interest rates at its last meeting of the year, scheduled for December 18 and 19, in what will be the fourth increase in 2018.

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