Although inflation in the USA is tending to decline, it is only declining slightly.
Compared to the same month last year, consumer prices rose by 8.2 percent in September, the Ministry of Labor announced on Thursday. Experts had expected an average of 8.1 percent. In August, the inflation rate was 8.3 percent.
Core inflation, which excludes fluctuating energy and food prices, even rose from 6.3 to 6.6 percent. This rate was also above market expectations. The dollar rallied across the board after the numbers. Because the upward pressure on prices points to further strong interest rate hikes by the US Federal Reserve, which has already raised its key interest rate significantly this year. With this course, it braces itself against high inflation.
