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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 trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.