The year -on -year increase of CPI in the United States is still at a historical high

Xinhua News Agency, Washington, September 13 (Reporter Xu Yuan) Data released by the US Department of Labor on the 13th shows that the US Consumer Price Index (CPI) increased by 0.1%and an increase of 8.3%year -on -year in August this year. High.

Data show that the situation of inflation in the United States has not improved. In August, the US CPI increased in supermarkets from the previous month and was generally expected to be higher than July. After eliminating the price of large fluctuations, the core CPI of the month rose 0.6%month -on -month, an increase of 0.3 percentage points from July; a year -on -year increase of 6.3%, an increase significantly from July.

Specifically, the cost of living costs, food prices and health care services in August is the main promoter that leads to the rise in the overall CPI. Among them, food prices continued to rise, with a month -on -month increase of 0.8%, an increase of 11.4%year -on -year, the largest year -on -year increase since May 1979. The residence cost of about one -third of the proportion of CPI rose 0.7%month -on -month, an increase of 0.2 percentage points from July. The price of health care services rose 0.8%month -on -month.

The data also showed that energy prices in August decreased by 5%month -on -month, of which gasoline prices decreased by 10.6%month -on -month. However, electricity prices and natural gas prices rose significantly from the previous month, with an increase of 1.5%and 3.5%, respectively.

Analysts believe that August CPI data shows that there is still a long way to go to the normal level of inflation levels in the United States. After the release of the data on the day, the Chicago Commodity Exchange tracking data showed that the market believes that the Fed will raise interest rates at 75 basis points to 82%at the September Monetary Policy Conference, and the possibility of a 1 percentage point of interest rate hikes is 18%.

Since March of this year, in order to cope with the general surge in oil prices, food prices and other living costs, the Fed has raised interest rates four times, and the rate hike has reached 225 basis points, but the level of inflation in the United States has not declined significantly. Affected by multiple factors such as high prices and financial environment, the US economy continued to decline in the first and second quarters, and it has fallen into a technical decline.

[Editor in charge: Ma Junqing]

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