Higher consumer prices –
Inflation in the USA is increasing slightly
Consumer prices rose by 2.7 percent compared to the same month last year, as the Labor Department in Washington announced. In the previous month the rate was 2.6 percent.
Published today at 3:42 p.m
Consumer prices have risen slightly due to increasing inflation: A customer looks at tennis shoes in a shoe store.
Photo: Keystone
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In the USA, price inflation increased somewhat in November, as expected. Consumer prices rose by 2.7 percent compared to the same month last year, as the Labor Department in Washington announced. In the previous month the rate was 2.6 percent. Compared to the previous month, prices rose by 0.3 percent in November.
The core inflation rate excluding energy and food remained at 3.3 percent. This value is given particular attention by the US Federal Reserve Bank. According to experts, it reflects the general price trend better than the overall rate.
The Fed is aiming for an inflation rate of two percent over the medium term. The US Federal Reserve last cut its key interest rates by 0.25 percentage points at the beginning of November. The next interest rate decision is due in a week. A further interest rate cut of 0.25 points is largely expected.
However, the outlook for next year is uncertain. Donald Trump will take office as president in January. Economists say his proposed measures could lead to higher inflation. This could limit the Fed’s scope for rate cuts.
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