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Annual inflation in the US in September returned to July highs

October, 13 2021
watermark Economic news

According to a press release from the US Department of Labor, annual inflation accelerated to 5.4% in September, returning to July highs. The August indicator was marked at the level of 5.3%. On a monthly basis, prices rose by 0.4%.

Thus, in September, annual inflation in the United States returned to the level of July, and then it reached its highest since August 2008.

Analysts had expected annual inflation at 5.3%. On a monthly basis, consumer prices were forecast to rise by 0.3%.

Core inflation (excluding food and energy prices) at the end of September was 4% y/y, 0.2% monthly. Both indicators coincided with analysts' forecasts.

Food prices in the States rose by 0.9% m/m, energy prices – by 1.3%. On an annualized basis, food prices rose by 4.6%, and energy – by 41.7%.

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