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Inflation in the US has reached its highest level since 1981


July, 13 2022
watermark Economic news

According to the United States Department of Labor, annual inflation in the country accelerated in June to 9.1%, which was the highest since November 1981.  In the previous month, US consumer prices rose by 8.6%. Monthly inflation was fixed at 1.3%.


Analysts predicted that the annual rate would accelerate to 8.8%, and the monthly rate to 1.1%.


At the same time, core inflation in the United States (excluding food and energy prices) slowed to 5.9% in annual terms (from 6% a month earlier), and accelerated to 0.7% on a monthly basis from the 0.6% level in May.


At the same time, food prices in the United States rose by 1% in June, energy prices rose by 10.4%. On an annualized basis, food prices rose by 10.4%, which was also the largest increase in annual terms since February 1981, and energy – by 60.6%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.