Inflation rose in the US in June to hit 9.1% year on year, the highest level since November 1981, according to the consumer price index (CPI) released this Wednesday by the Labor Department.
Inflation was 8.6% in May, making this rise a new setback for US President Joe Biden, who has been trying to stop prices from rising for several months.
Shortly before the publication of these data, the White House had already indicated that it expected “very high” inflation.
Compared to the previous month, prices increased 1.3% in June against 1% in May, which is higher than the forecast of analysts polled by Bloomberg, who expected inflation at 8.8% compared to the same period last year. % compared to the previous month.
Price increases are affecting all sectors, but housing, gasoline and food have contributed the most, according to the Labor Department.
Energy prices rose 41.6% year-over-year, the biggest increase since April 1980.
Excluding food and energy prices, which are the most volatile and which were particularly affected by the war in Ukraine, core inflation has slowed since May (5.9% vs. 7% after 0.6% in the previous two months).
The Federal Reserve System (FRS), the US central bank, began raising interest rates in March to curb inflation.
In June, the Fed approved a 75 basis point hike in its benchmark interest rate, the biggest since 1994.
Author: Lusa
Source: CM Jornal
