2024-07-18 16:42:30
The inflation in USA continued to moderate in June to 3% year-on-year, compared to 3.3% from the previous month, according to the consumer price index (CPI) published yesterday, good news for the president Joe Biden in his campaign for re-election.
According to data from the work Departmentprices in one month fell by 0.1%, contrary to what analysts had expected, who were expecting a slight increase of 0.1% in one month and 3.1% in one year, according to the consensus published by MarketWatch.
Commenting on the news, President Biden welcomed “the significant progress” made by his country on a front that he sees as fundamental to his chances of defeating his Republican rival. Donald Trump in the elections of November 5th.
“Prices fell last month and underlying inflation is the lowest in three years,” he said, although he estimated that “prices are still too high” at a time when “large Companies post record profits”.
Excluding prices of the energy and the foods, which are by nature more volatile, the so-called core inflation rose slightly in one month, by 0.1%, but is the lowest recorded since August 2021.
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2024-07-18 16:42:30