U.S. consumer prices showed zero dynamics in September – Forex
The United States Department of Labor released a report. According to his data, consumer prices in the country in September remained at the level of the previous month. There was a divergent dynamics in the categories of goods. Thus, the cost of energy and some cars has decreased. At the same time, grocery goods and residential real estate have become more expensive. A month earlier, U.S. consumer prices rose 0.1 percent. Analysts had forecast a September rate of price growth of 0.1%. Between September 2018 and September this year, inflation reached 1.7% with a growth forecast of 1.8%. The 12-month figure, excluding the prices of groceries and petrol, was 2.4 per cent. Published inflation data show that it is weakening. This raises the possibility that a decision will be made at the next meeting of the Open Market Committee to lower the base rate. And this will be the third rate cut in 2019.