(Finance) – Theinflation in the United States It turned out slightly better than expected at July 2024. According to the U.S. Bureau of Labor Statistics (BLS), consumer prices recorded a growth of 0.2% on a monthly basisversus -0.1% in the previous month and compared to the +0.2% expected by analysts.
The index for theaccommodation rose 0.4 percent in July, accounting for nearly 90 percent of the monthly increase in the all-item index. The index ofenergy remained unchanged over the month, after falling in the previous two months. The index for the food rose by 0.2 percent in July, as in June. The index of food out of home rose 0.2 percent over the month, and the food-at-home index rose 0.1 percent.
On an annual basisinflation growth was 2.9%, (+3% the consensus), after reporting a 3% expansion in June. This is the smallest increase over 12 months since March 2021.
The index energetic rose 1.1 percent in the 12 months ended in July. The index to feed has increased by 2.2 percent over the past year.
The “core” ratethe consumer price index adjusted for the most volatile components such as food and energy, most closely monitored by the Fed, recorded a 0.2% increase on a monthly basis, (+0.2% estimated by the market) against the +1.3% of the previous month. The trend change stands at +3.2% (the smallest increase over 12 months since April 2021), equal to the +3.2% estimated by the consensus and compared to the +3.2% of June.