Today: September 21, 2024
December 10, 2021
1 min read

Inflation in the United States increased to 6.8% in November

The interannual rate of inflation in the United States rose in November to 6.8% – six tenths above that of October – which represents the highest record of consumer prices in this country since 1982, the Office reported this Friday. of Labor Statistics.

Consumer prices rose eight tenths in a month, according to this statistic.

Last month’s data was even above the predictions of most analysts, who expected a rate higher than 6% but without reaching 7% as has been the case.

If food and fuel prices, which are the most volatile, are excluded, core inflation in October was 0.5%, with an annual rate of 4.9%.

Energy prices rose 3.5% in October and food prices rose 0.7%, according to the government report.

Specifically, the prices consumers pay for gasoline increased 6.1% last month and have risen 58.1% in one year.

This Friday’s data adds pressure to the Federal Reserve (Fed, which is responsible for dictating US monetary policy), which has a dual mandate to promote full employment and price stability.

In November, the Fed left interest rates unchanged in the range between 0% and 0.25% and announced the beginning of the reduction of liquidity injections by 15,000 million dollars a month.

A soaring inflation like the one reflected in the data known today could lead those responsible for the US central bank to accelerate the pace or the amount of the withdrawal of stimuli.



Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Daily coronavirus infections remain over 1,600 this Friday in Colombia
Previous Story

Daily coronavirus infections remain over 1,600 this Friday in Colombia

"Something very similar" to 11J can happen at any time in Cuba
Next Story

"Something very similar" to 11J can happen at any time in Cuba

Latest from Blog

Go toTop