In June, inflation in the United States broke a new record in the last forty years by placing its year-on-year rate at 9.1%, according to data published this Wednesday by the Bureau of Labor Statistics (BLS).
The monthly rise in consumer prices was 1.3%.
Rising prices for gasoline and food was what most influenced this new rise in inflation.
Thus, the increase in energy prices was 7.5% in one month and contributed to almost half of the monthly rise, and in the specific case of gasoline, it became more expensive by 11.2% in the last month . The rise in food was 1%.
In the last twelve months, energy prices have risen 41.6%, the highest increase since April 1980.
As for the food prices have risen 10.4% in one year, the highest rise since February 1981.
The interannual rate of core inflation, which measures the increase in prices except for energy and food, was 5.9%.
The high inflation that has affected the US economy for months has led to the Federal Reserve to successive rises in interest rates which will continue, foreseeably, in the future, to contain the escalation of prices.
The Federal Reserve (Fed) has already warned on several occasions that it will prioritize lowering inflation even though its restrictive monetary policy measures may affect economic performance. (YO)
Source: Eluniverso
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