Clothing Prices Rose 1.1% In August

2011/9/19 10:24:00 50

The latest release by the US Department of labor in September 15th

investigation

The rise in consumer price index (CPI) in the US in August is the latest sign of inflationary pressure on the economy, driven by rising prices of gasoline, food and housing.

The Ministry of labor said that the consumer price index increased by 0.4% over the previous month, but the increase was less than 0.5% in July.

However, compared with the same period a year ago, the index surged 3.8%.

The core consumer price index (CPI), which excludes volatile energy and food and is often regarded as a price indicator by Fed, has grown by 0.2% in August.

Analysts initially predicted the core index in August.

ordinary

The index rose by 0.2% respectively.

Related information shows that in the first 12 months of August, the core consumer price index increased by 2%, not only the biggest annual increase in the past three years, but also the high point of the informal inflation index, which may limit the agency's ability to take further actions to boost the economy.

The labor department said last month's food

Price

0.5% growth, the biggest increase since March, is partly due to rising prices of cereals and cheese.

Food prices will continue to rise due to the particularly hot summer affecting corn growth.

In addition, clothing prices rose by 1.1%; air ticket prices also rose at the same rate, the highest in March.