In the United States, the IPC data for the month of July were lower than in the previous month. The drop has been even greater than what the market expected.
The slowdown in the rise in prices is confirmed. Inflation in year-on-year terms rises to 8.5%, below the 9.1% in June and the 8.7% expected, the data that the US Federal Reserve (Fed) will point to for its next rate meeting in September.
In monthly terms, the IPC remains flat (+0.2% expected), below the 1.3% rise in June.
On the other hand, the core IPC rose 5.9% in interannual terms in July (compared to the same figure for the previous month and against the 6.1% expected) and in monthly terms rose 0.3% (compared to 0 .7% earlier).
Until inflation shows signs of sustained moderation, the priority of monetary policy to curb inflation is clear, even more so when the labor market continues to show signs of strength (last Friday the unemployment rate returned to 3.5%). The US IPC figure for July is key to expectations about the Fed’s next moves. Published by The Tampa Herald, a news and information agency.