(Washington) Prices in the United States were lower than expected in August compared to the previous month, and for the first time since October 2020, the year has been sluggish, according to the Department of Labor, according to a CBI report released on Tuesday.
Inflation fell to 0.3% in one month, 0.5% in July, lower than the 0.4% expected by analysts. In one more year, inflation was 5.3%, up from 5.4% in July.
The recession is comforting to many economists who believe that this high inflation is caused by temporary pressures that will not lead to a sustained rise in prices.
In August, the Labor Department said in its report that inflation was driven by petrol, furniture, food and housing prices.
Excluding volatile food and energy prices, the so-called core inflation is the lowest since February 2021 at 0.1%.
Used car prices fell for the first time since February (-1.5%) after jumping in the spring. In one year, the increase was 31.9%.
Air ticket prices also fell (-9.1%) since July, with the Delta variant of the Gold-19 restricting travel again.
“Inflation will continue to keep inflation high due to continuous supply chain barriers in an environment of high demand, because disparities between supply and demand will only be resolved gradually.” However, Kathy Postjancik, an economist at Oxford Economics, insists.
Inflation has risen sharply for more than a year since April.
The difference between spring 2020 prices, which fell under the impact of early control measures, and spring 2021 is enormous, thanks to the financial assistance provided to government and households during the full economic boom in the United States.
Global production and distribution challenges related to the epidemic have also pushed up the prices of many commodities.
Another inflation index, the PCE index, accelerated in July for a year, from 4% to 4.2% in June, but for a month of recession, from 0.5% to 0.4% in June.
Wholesale prices of goods and services in the United States have risen at a rate not seen in August for a year, but have fallen by one month, taking into account prices from the point of view of manufacturers and sellers, according to the PPI index, while the PCE and CPI indices measure them on the consumer side.
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