U.S. 5month CPI year-on-year 4.2%…inflation continues to rise
The U.S. Department of Labor announced that 5monthly consumer price index (CPI) rose year-on-year by 4.2% to 2023year 5month, the highest level since then, and increased month-on-month by 0.5% on a seasonally adjusted basis. The month-on-month increase in core CPI was 0.2%, slightly below market expectations.
The U.S. Department of Labor released the 10th day (local time) 5monthly consumer price index (CPI). The year-on-year increase in the all-items index was 4.2%, 2023year 5month, the highest level since then. The statement said that the upward trend in prices was continuing.
The month-on-month increase on a seasonally adjusted basis was 0.5%. The month-on-month increase in the previous month, 4month, was 0.6%. The month-on-month increase was found to have moderated compared with 4month.
The month-on-month increase in core CPI, excluding food and energy, was 0.2%. The core month-on-month increase in 4month was 0.4%. The core figure came in slightly below market expectations.
The report stated that prices for some items continue to rise by category. Food and energy are distinguished from the core indicator, which excludes them from CPI statistics. The survey method uses month-over-month comparisons with seasonal adjustment.
This announcement by the U.S. Department of Labor contains the latest compilation of inflation indicators and is a key figure linked to market interest-rate expectations. The release time was 10day (local time). Additional detailed items and classification tables are available in the Department of Labor materials.
Sources: 연합인포맥스
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