Inflation in the USA declines

Consumer prices in the USA rose by 3.2 per cent in October compared to the same month last year. This has been announced by the US Department of Labor. In September, the rate was still at 3.7 per cent. Lower petrol prices in particular hindered the price increase.

However, core inflation also fell. The annual rate fell from 4.1 per cent to 4.0 per cent. The core rate is closely monitored by the US central bank, the Federal Reserve. According to experts, it reflects the general price trend better than the overall rate, as components that are prone to fluctuation, such as energy and food, are factored out. The figures are important for the monetary policy of the Fed, which has not recently raised its key interest rates any further.