The United States .. slowing inflation rates

The United States .. slowing inflation rates
The United States .. slowing inflation rates

Data from the US Department of Labor showed that consumer prices in the United States rose at the slowest pace since October 2020, and this data came in line with analyst expectations.

Core consumer prices in the United States in August rose 5.3% on an annual basis, and rose 0.3% on a monthly basis, according to a press release from the US Department of Labor.

Consequently, US consumer price growth slowed for the first time since October 2020.

The annual inflation rate came in line with the expectations of analysts, who were polled by the DailyFX portal, where inflation was expected on a monthly basis at 0.4%.

Source: Prime

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