Consumer prices in the United States have risen
Consumer prices in the United States rose slightly more than expected in July, but this is likely to alter little in the expectation that the Federal Reserve’s open market committee, the US Federal Reserve, will cut interest rates again at its next meeting due to escalating US-Chinese trade tensions.
The US Department of Labor’s Statistics Bureau announced on Tuesday that consumer prices increased by 1.8 percent year-on-year. Analysts expected 1.7 percent after the 1.6 percent in June.
Consumer prices increased by 0.3 percent month-on-month, in line with analysts’ expectations. In June and May, the rise was 0.1 percent. (MTI)
Related news
Is another food price increase expected soon?
In recent weeks, there has been some relief in terms…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >György Raskó: the purchase of basic foodstuffs is also a serious challenge for many Hungarian households
The serious problem of impoverishment is still noticeable among the…
Read more >Related news
KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >Sándor Czomba: 566 micro, small and medium-sized enterprises receive capacity-building support
566 people successfully applied for the capacity expansion support aimed…
Read more >UN: worldwide food insecurity continued to increase last year
The insecurity of the food supply has increased further in…
Read more >