The price index of consumer goods and services increased in August by 0.4 percent. month to one month after a growth by 0.2 percent in July – the Bureau of Labor Market Department (BLS) said on Thursday. This is above forecasts that spoke about 0.3 % growth. During the year, the indicator increased by 2.9 percent.which is the largest increase from January, +2.7 percent. in July. The annual indicator is just consistent with the forecasts.
“The impact of extensive duties imposed by President Donald Trump was gradual, but prices can accelerate in the coming months, because The companies have exhausted the supplies from the output. Business surveys have been signaling the upcoming price increase for some time, “writes Reuters.
“The evidence is overwhelming. There is more inflation related to the duties, although it may pass a few months before it makes it fully felt,” said Reuters Stephen Stanley, chief economist Santander Us Capital Markets.
However, these data only slightly reduced the forecasts regarding the reduction of interest rates on Wednesday, September 17. Yesterday, the Fed Fed Contract market in Chicago WW 91.1 percent predicted a cut by 0.25 percentage points to the level of 4.00-4.25 percent, and now this certainty slightly weakened, because it puts 90.9 percent on a reduction. investors. However, this is still a strong market attitude that does not herald surprises.
The FED suspended its policy soothing cycle in January because of uncertainty about the inflationary impact of import duties.
Food in the USA is more expensive
Food more faster than general inflation. The one consumed in restaurants or catering upside down by 3.9 percent. RDR, but the prices of food at home have already grown more slowly than the general CPI indicator, by 2.7 percent. rdr. On a monthly basis, however, the latter shot the inflation rate because they went up by 0.6 percent.
The greatest inflation was the most influenced by gas prices, which went up by as much as 13.8 percent. rdr. In relation to July in August, however, they made 1.6 percent. Electricity was in second place in the progressive patency, 6.2 percent more expensive. year on year and 0.2 percent month to month.
Used cars (+6 percent yaws) and medical services (+4.2 percent yaws) were significantly increased. There was also something that was cheap and a lot. You have to pay for gasoline in the USA by 6.6 percent. less than a year ago, and for diesel 0.5 percent less.
