The united states inflation it fell again in August, for the second consecutive month, and placed its year-on-year rate at 8.3%, two tenths less than in July, according to data published this Tuesday by the Bureau of Labor Statistics (BLS).
Compared to the previous month, consumer prices rose one tenth, after having remained stable in July, despite the 10.6% drop in gasoline prices.
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 than in July.
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This second continuous drop in the inflation rate, which in June reached its highest figure in forty years, gives a small new respite to the US economy, which at the end of July entered what experts consider a technical recession 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 an 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 Joe Biden government and also of the Federal Reserve, which on July 27 raised interest rates again, which are now in a range of between 2.25% and 2.5%.
This September will presumably announce a new rise to control prices, although conditioned to the evolution of the economic data of the world’s leading power.
