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Saturday, December 2, 2023
EconomyAnnual inflation in the US slowed to 3.2%

Annual inflation in the US slowed to 3.2%

Prices for goods in the United States in October increased by 3.2% compared to October last year, according to a report from the US Federal Bureau of Labor Statistics. This is less than in September, when the annual inflation rate was 3.7%.

In monthly terms prices did not change.

The indicators turned out to be better than the forecasts of economists, who assumed that annual price growth would be 3.3%, CNN notes.

Fuel prices fell 5% in October. At the same time, the cost of rental housing, car insurance and medical services has increased, writes ABC News.

The prices of certain food products have risen significantly. Prices for bread increased by 6% in annual terms, and for beef – by 9%. Meanwhile, the cost of eggs continues to fall after they rose significantly last year amid the bird flu outbreak: prices fell 22% year-on-year.

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