In The US, Prices Rose In September, And Clothing Prices Fell The Most.
US consumer prices in September
Gain
A new low of 3 months means
inflation
The situation may cool down, as expected by the Federal Reserve Council (Fed) officials.
Data released by the US Department of labor in Washington today showed consumers in September.
price index
(CPI) a rise of 0.3% over the previous month, which is in line with the median forecast of economists surveyed by Bloomberg.
Excluding volatile food and energy prices, the so-called core CPI rose by 0.1%, not only lower than expected, but also a new low since March.
When employment and income growth are sluggish and consumer spending is tight, apparel retailers Gap Inc. and Safeway Inc., a supermarket chain operator, say they have limited space to raise prices and are unable to make up for the high cost of raw materials.
As the worries caused by inflation will decrease, the policy makers will have flexibility to take further measures to cope with the US economy.
Crash
The situation.
The price of clothing has been the biggest since 1998.
Decline
The falling prices of used cars and trucks, plus rent rose 4 months ago, are all factors contributing to the slowdown in core competitiveness last month.
The report also suggests that the number of retirees expected to receive social security benefits will increase by 3.6% next month.
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