Bloomberg: against the backdrop of falling prices in Russia, inflation in U.S. turned out to be higher than experts’ expectations

The US Department of Labor reported that in August 2022, consumer prices in the country rose by 8.3% year-on-year. According to the data, compared to 8.5% in July, inflation slowed down, but was still above 8.1%, as analysts had expected. Actual data is provided by Bloomberg.

Bloomberg: against the backdrop of falling prices in Russia, inflation in U.S.  turned out to be higher than experts' expectations
Source: www.spletnik.ru

Bloomberg, citing the statistical bureau of the US Department of Labor, reports that against the background of the deflation of the Russian economy recorded for 3 consecutive months – a decrease in final (consumer) prices, inflation in the United States was recorded in August + 8.3% after records in June + 9.1% and May +8.6% in May.

The inflation rate in the limit of +8.3% turned out to be worse than the expectations of experts polled by Bloomberg, who predicted it at +8.1%. It is reported that in August, a jump in motor fuel prices — 68.8%, which caused an increase in energy prices by +23.8% — had a big effect on the inflation rate. The agency reports that the sharp rise in energy prices in the United States is largely due to Western sanctions against Russia.

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