Inflation in the United States rose to 1.3% annually in August, from 1% in July. That’s what the U.S. government announced.
The increase in the average price level was slightly stronger than expected by economists in general. They expected an average inflation of 1.2%.
The so-called core inflation, excluding the fluctuating prices of energy and food, came to 1.7%, from 1.6% in July. On a monthly basis, US consumer prices went up by 0.4%.
About the author: Christy Olsen
Christy Olsen, a young author who followed in her father's footsteps and took up journalism at school. She often introduces a lot of subjective things into his texts, always tries to state the essence and give a proper assessment.