US inflation slows but still remains high 13.09.2022

Breaking News: Consumer prices increased 8.3% in year to year comparison. It’s less than four-decade highest level of 9.1% inflation that was printed in June but still, inflation remains at high levels. Core price inflation printed increase 0.6% from July to August.

What is inflation?

The inflation rate is the percentage rate of change of a price index over time.

Typically, the inflation rate is calculated by taking the percentage change of a price index over a period of one year.

The most commonly used price indexes used to calculate the inflation rate are the Consumer Price Index (CPI), Producer Price Index (PPI) and Personal Consumption Expenditures (PCE).

A high inflation rate means that the price of goods and services is rising quickly.

What is core inflation?

Core inflation measures changes in the prices of a subset of items (excluding energy and food, for example).
The core inflation rate is used to discern the pure inflation rate and is a key parameter used by monetary policy makers.

Dodaj komentarz