13 October 2022 at 14:37 Prices in the USA were 8.2 per cent higher in September Prices in the USA were 8.2 per cent higher in September than in the same month in 2021. The consumer price index increased by 0.4 per cent. In the previous month, inflation was 8.3 per cent, while in June it was up to 9.1 per cent. This was the highest inflation measured in four decades. On Wednesday evening, the US central bank published a report from the interest rate meeting in September. There they referred to the level of inflation as “unacceptably high”. In September, the US central bank decided to raise interest rates by 0.75 percentage points – a so-called triple hike – to an interest rate range of 3.0-3.25 per cent, the highest since 2008. Unemployment in the US is 3.5 per cent, the lowest in 50 years, while there is still a high demand for labour.
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