Sharp slowdown in US inflation in August

Basic consumer prices in the US rose at the slowest pace of the past 6 months in August, indicating that inflation is likely to have peaked, but may remain high for a while as supply constraints persist. .

The U.S. Department of Labor said on Tuesday that its consumer price index, which excludes food and energy volatility, rose 0.1% last month, the smallest increase since February and after rising by 0. , 3% in July.

The so-called core CPI rose 4% year-on-year after advancing 4.3% in July.

The CEO of the Corum Center for Strategic Studies, Tariq Al-Rifai, confirmed in an interview with Al-Arabiya that the commodity price index prime from the beginning of questyear increased by 3%.

Al-Rifai said these increases are being supported by rising energy, coal prices in in particular by 120% and natural gas by over 110%.

On the other hand, he explained, food prices have seen lower increases, for example poultry by 40%, sugar by 20%, and this is higher than the basic inflation prices of 5.4% in the states. United.

Overall CPI rose 0.3% last month after rising 0.5% in July. In the 12 months to August, CPI rose 5.3% after rising 5.4% yoy in July.

Economists surveyed by Reuters had expected the leading CPI to rise 0.3% and the leading index to rise 0.4%.

Inflation showed feverish activity at the beginning of the year, driven by the increase in the prices of auto and used trucks, as well as services in the sectors most affected by the Covid-19 pandemic.

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