WASHINGTON (appro).-In the first month of the second half of 2023, the price of products, goods and services rose by 0.2% in the United States, so the inflation rate in annual terms stood at 3.2%, reported the Bureau of Labor Statistics of the Department of Labor.
The Joe Biden government explained that even excluding the cost of food and energy from the Consumer Price Index it also grew 0.2% during the month of July, so this macroeconomic inflation chart in annual terms rose 4.7%.
The Department of Labor qualified that the cost of housing was the factor that pushed the rise in the inflation rate by 90%, although also that of automobile insurance, despite the fact that in the field of the Consumer Price Index basically everything went up.
Regarding the cost of food in the United States, the Bureau of Labor Statistics reports that last July it grew 0.2%, a rise of 0.1% compared to what it registered the previous month.
For the energy sector, the Biden government states that the cost of fuels increased 0.1%, causing increases in the value of air and land transport, automobiles and used cars and their rental, as well as automobile insurance. .
This increase in inflation, which places the annualized rate at 3.2% between July 2022 and July of this year, is an example that the macroeconomic health of the United States continues to be weak, taking into account that between June and June of last year and this rate was 3%.
Finally, the Labor Statistics Bureau adds that in the annual log of the cost of energy, which was 4.7% in the seventh month of 2023, it represents a contraction of 0.2% compared to the annual rate in June, which was 4.9%. .
The news of the increase in inflation in the United States, this fact is news that would eventually mean the possibility that the Federal Reserve’s Open Market Committee will once again have to make adjustments to the interest rates of short-term loans, which are they modified the past by 0.25% more.
