The US consumer price index, excluding food and energy, rose 0.4% month-on-month in September, just above analysts’ expectations.
Year-on-year, the index rose 5.4% last month, with notable increases in food and rental prices, according to the U.S. Department of Labor.
The index is expected to continue rising in the coming months due to rising energy prices, raising suspicions that high inflation is temporary.
On Tuesday, the US Congress passed a bill that raises The US public debt ceiling until the end of the year, in temporary measure to prevent the largest economic power in the world from fallingFor the first time in its history, it defaulted.
After the Senate passed the bill last week, the House of Representatives passed the bill on Tuesday thanks to its Democratic majority, with 219 deputies voting in favor and 206 against.
The text increases the country’s public debt ceiling by $ 480 billion, which will allow it to meet its financial obligations until the end of next December.
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