Inflation US inflation rate picks up slightly as expected
As expected, the upward pressure on prices in the USA increased slightly in November. Consumer prices rose by 2.7% compared to the same month last year. In the previous month, the rate had been 2.6 percent.
11.12.2024, 15:42
SDA
Compared to the previous month, prices rose by 0.3 percent in November, according to the Ministry of Labor. The core inflation rate excluding energy and food remained at 3.3 percent. The US Federal Reserve pays particular attention to this figure. According to experts, it reflects the general price trend better than the overall rate.
The Fed is aiming for an inflation rate of two percent in the medium term. The Fed last lowered its key interest rates by 0.25 percentage points at the beginning of November. The next interest rate decision is due in a week's time. A further rate cut of 0.25 points is widely expected.
However, the outlook for next year is uncertain. Donald Trump will take office as president in January. According to economists, his proposed measures could lead to higher inflation. This could limit the Fed's scope for interest rate cuts.
