The U.S. inflation rate stood last December at 6.5% year-on-year, down six-tenths of a percentage point from November’s figure, thus chaining six months of moderation and recording the lowest price increase since October 2021, according to data released Thursday by the Bureau of Labor Statistics of the U.S. Department of Labor.
The year-over-year price increase for energy saw a 5.8-point moderation in the final month of the year to 7.3%. This is the smallest increase in energy prices since February 2021, when the post-pandemic inflationary spiral began.
In turn, food prices rose by 10.4% year-on-year, two tenths less than the increase in November and the lowest figure since before the summer.
Thus, core inflation in the United States, which is the result of excluding food and energy prices from the calculation, stood at 6% in December, three tenths of a percentage point less than the previous month.
The country’s high inflation data have prompted the US Federal Reserve to raise interest rates at a particularly rapid pace. During 2022, the price of money has risen by more than four percentage points.
Source: (EUROPA PRESS)
