US: inflation rose to 5.4% year-on-year in September, the highest in 13 years

The United States Department of Labor reported on Wednesday that the consumer price index (CPI) of that country increased to 5.4% year-on-year in September.

The specialists estimated data with a few tenths lower, which also represented the highest level of inflation in thirteen years.

After moderating for two months, inflation rose again in September, 0.4% compared to August, when it had marked a decline to 0.3%.

More than half of this increase is due to food and housing; and an important part also comes from energy (+ 1.3% in one month). Retail food prices, and not in restaurants, were the ones that increased the most (+ 1.2% in one month).

Instead, the prices of airfare, clothing and used cars fell.

The International Monetary Fund (IMF) anticipated that energy prices will subside for the first quarter of 2022 and, globally, expects a peak in inflation in 2021, before stabilizing by the middle of next year.

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