According to information from Bureau of Labor Statistics (BLS)indicates that inflation in the United States (EU) fell to 6.5% during the month of December 2022, compared to the previous month of November in which stood at 7.1 percent per year; which represents an encouraging outlook, in the midst of a difficult year.
The data was in line with what the market estimated and meant the sixth month downits highest level being recorded in June, when it reached 9.1 percent. Compared to the previous month, the inflation had a decrease of 0.1 percentbeing its first drop since May 2020.
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Which prices fell and rose the most?
The energy prices they had a monthly drop of 4.5 percent in December, being the most pronounced since August 2022, at the annual rate it was positioned at 7.3 percent. Gasoline had a monthly decrease of 9.4 percent.
“The gasoline index was by far the largest contributor to the monthly decline for all items, more than offsetting increases in housing indexes,” the bureau said.
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The food inflation had an advance of 0.3 percent per month Already annual rate reached 10.4 percent. On the subject of core inflation, which excludes food and energy prices, the increase was 0.3 percent per monthwhile, at an annual rate, it was located at 5.7 percent in Decemberfrom 6 percent annually reported in the previous month.
Due to a lower escalation in prices, the market anticipates that the Federal Reserve you can moderate your base interest rate increases. However, most expect an increase of 25 basis points, which cannot be ruled out as being 50 basis points, similar to an increase established last December 14. Likewise, the reference rate is located at a range between 4.25 and 4.50 percent.
The working market sent signs of strength, as there was a drop from 1,000 initial claims for unemployment benefits to a total of 205 thousand in the week that ended on January 7.
“The four-week moving average was 212,500, a decrease of 1,750 from the previous week’s revised average,” the Labor Department said.
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