Inflation in the United States fell again in October, for the fourth consecutive month, and placed its interannual rate at 7.7%, four tenths less than in Septemberaccording to data published this Thursday by the Bureau of Labor Statistics (BLS, in English).
Compared to the previous month, the consumer price index rose four tenthsan amount similar to the rise recorded in September.
This data, which is better than what experts predicted, comes a week after the sixth consecutive rise in interest rates carried out by the Federal Reserve to control prices.
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It was three-quarters of a point and with it the official interest rate of the world’s largest economy is currently in a range of between 3.75 and 4%, a level not seen since 2007.
Specialists waiting
The president of the Federal Reserve, Jerome Powell, warned that possible future rate hikes and the end of them will depend on the evolution of data such as that of the Consumer Price Index (CPI).
According to the BLS, the housing index contributed more than half to the monthly increase in prices and the gasoline and food indices also increased in monthly terms.
A) Yes, the energy index increased 1.8% while the food index rose 0.6%.
On a year-on-year basis, in the last twelve months the energy index has increased by 17.6%, while food prices have increased by 10.9% in the last year.
The year-on-year data show that core inflation (which measures the rise in consumer prices excluding those of food and energy) was 6.3% in October.
In June, inflation reached its highest figure in forty years, 9.1%, although in July it fell six tenths to 8.5% and since then it has been falling slightly at a rate of one or two tenths each month, up to four registered now.
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