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
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 >According to international financial institutions, Hungary is returning to the path of economic growth
According to the forecasts of the international financial institutions, the…
Read more >In the OECD, inflation stagnated in February
In the countries belonging to the Organization for Economic Cooperation…
Read more >Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >UEFA and Just Eat Takeaway extend partnership
Just Eat Takeaway has extended its partnership with the UEFA…
Read more >