For November, inflation would have weakened more than expected in the United States and was below 3%, its lowest level in almost three years. It should be noted that a new downward revision of the October figures showed that these inflation data were already close to 2.9%, instead of the 3.1% initially announced.
Consumer prices increased 2.6% year-on-year in the 11th month of 2023, according to the PCE index, published on Friday by the Department of Commerce.
“The progress is remarkable. But make no mistake: even if my economic plan gets us back on track, Our work is far from over. Prices are still too high for too many Americans“said Joe Biden, president of the United States, in a statement.
He CPI indexpublished at the beginning of the month and with which pensions are indexed, also had a slight decrease in November to 3.1% year-on-year, compared to 3.2% in October.
The leaders of the Federal Reserve (FED)After their meeting on December 13, they stated that they expect inflation to slow down in the last year, but it remains high.
“Income is up, spending is up, and inflation is down. Even the savings rate is up slightly. This report is the best economic news in a long time, and it comes just in time for the holidays,” said Robert Frick, an economist at Navy Federal. Credit Union, to AFP.
Nevertheless, Specialists warned that we would have to wait until 2026 to reach the 2% goal.
Source: Larepublica
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