Prices refuse to fall in the US and inflation stagnates in September at 3.7%

Prices refuse to fall in the US and inflation stagnates in September at 3.7%

The inflation rate in the United States refuses to fall, for the third consecutive month, and remained stable in September, at 3.7%, the United States Bureau of Labor Statistics (BLS) reported this Thursday.

This stagnation occurs after prices rose two and five tenths in August and September, respectively, after a previous one-year streak of declines.

In monthly terms, consumer prices rose four tenths compared to August, while core inflation, a key data that the Federal Reserve analyzes for its interest rate decisions, fell two tenths year-on-year, to 4.1%. . At a monthly level, the underlying continued to rise, three tenths, on this occasion.

The housing index contributed the most to the monthly increase in all prices and accounted for more than half of the increase. It rose six tenths on a monthly basis and has accumulated a year-on-year increase of 7.2%. This concept includes, among other things, the rental of the habitual residence, accommodation away from home, rent equivalent to the owner and home insurance.

After the strong rise registered in August, energy prices rose 1.5% this month and fell 0.5% year-on-year. Gasoline, whose price rose 10.6% in August, only rose 2.1% this September.

The food index increased 0.2% in September and has accumulated a year-on-year increase of 3.7%. As of July of this year, US inflation had fallen year-on-year for 12 consecutive months.

Source: Larepublica

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