September 22, 2020

Prices in the United States increased 2% in September

Prices in the United States increased 2% in September


The underlying index, which excludes the volatility associated with food and energy prices, closed the month of September with an increase of 2% with respect to the same month of 2017, so that both variables have converged around the figure marked by the monetary authority.

In a monthly rate, the increase in the personal consumption expenditure price index remained stable, increasing 0.1%, the same figure as in the immediately previous four months. On the other hand, the underlying monthly rate accelerated and grew two tenths with respect to August, when it remained stable and unchanged.

On the other hand, in the ninth month of the year consumer spending increased by 0.4% with respect to the previous month, one tenth less than the increase recorded in the month of August.

Personal income advanced two tenths with respect to the previous month due to the increase in salaries and in the social benefits of the Government. In this sense, the percentage of savings in relation to total disposable income stood at 6.2%, two tenths less than in August and one percentage point less than in March.

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