Food prices continued to rise, 0.8% m/m in August, but overall energy prices fell 5%.
The inflation of USA fell once more in August, for the second consecutive month, and placed its interannual rate at 8,3%two tenths less than in July, according to data published this Tuesday by the Bureau of Labor Statistics (BLS).
But core inflation, which measures the rise in consumer prices minus food and energy prices, rose.
Compared to the previous month, consumer prices rose one tenthfollowing having remained stable in July, despite the 10.6% drop in gasoline prices.
Los Food prices continued to rise, 0.8% m/m in August, and overall energy prices fell 5%.
Core inflation, which measures the rise in consumer prices excluding those of food and energy, the most volatile, rose 0.6% in August and the year-on-year rate stood at 6.3%, four tenths more that in July.
This second continuous drop in the inflation rate, which in June it reached its highest figure in forty yearsgives a little new breath to the US economy, which at the end of July entered what experts consider a rtechnical release by chaining two quarters of falls in the gross domestic product (GDP).
A diagnosis that, however, is not shared by the US Government, which does not believe that the country is in a recession scenario given the robustness of its economy, especially its labor market, with a unemployment rate of 3.7% in August, two tenths more than in July.
Despite this, high inflation continues to be the main concern of the Government of Joe Biden and also from the Federal Reserve, which raised interest rates once more on July 27, which are now in a range of between 2.25% and 2.5%.
This September it will presumably announce a new rise to control prices, although this is conditioned to the evolution of the economic data of the world’s leading power.
