US inflation fell to 7.7 percent in October, the smallest increase since January


The fall in prices could anticipate a moderation of the interest rate hike

The inflation rate in the United States stood at 7.7 percent last October, half a percentage point lower than the price hike in September, chaining four months of moderation until the rise registered less intense since last January, according to data released this Thursday. by the Bureau of Labor Statistics of the country’s Department of Labor.

The rise in energy costs slowed to 17.6 percent year-on-year in October, from 19.8 percent in the previous month. In turn, food prices rose by 10.9 percent annually, three tenths less than in September.

For example, core inflation in the United States, which is the result of excluding food and energy prices from the calculation, stood at 6.3 percent in October, compared to 6.6 percent in September.

At its meeting last week, the US Federal Reserve (Fed) unanimously decided to approve a fourth consecutive hike in the country’s interest rates by 75 basis points, to keep them within a target range of 3.75 per hundred and four percent. places, which is the highest price for money since January 2008.

Source: La Verdad


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