THE inflation us United States measured by the Price Index to Personal Consumption Expenditure (PCE) rose again, accumulating a 6.8% rise in the 12 months ended in June, according to Commerce Department data. The figure is the highest since 1982.
In comparison with the previous month, the high was 1%, the highest since 2005. In May, the PCE had a high of 0.6% in the monthly comparison, with an accumulated of 6.3%.
The figure surpasses the 40-year high recorded in March 2022 of 6.6%, and is slightly below the 6.9% rate recorded in January 1982, when inflation was slowing from one of the highest levels in history. from United States.
The core of the indicator, which excludes volatile items such as foods and energy , came slightly above market expectations, up 0.6% in the monthly comparison compared to projections of 0.5%. As a result, the index accumulated in 12 months was 4.8%, compared to 4.7% in May.
The PCE core is used as a reference by the Federal Reserve to monitor inflation and determine interest rate hikes.
In addition to the PCE, another important indicator of inflation is the Consumer Price Index (CPI). The two are measured by different government agencies and have different measured product baskets, which leads to different numbers between them.
In June, the CPI reached oneaccumulated in 12 months of 9.1% the highest value since 1981. In comparison with May 2022, the advance was 1.3%, also higher than expected by the market.
PCE remained stable in May and April. However, in June, gasoline prices reached record levels . Since then, energy-related prices have declined.
The United States has been facing record levels of inflation, fueled by a combination of supply-demand mismatches generated by the pandemic and the war in Ukraine, soaring commodity prices and high demand with a buoyant economy and a job market at low levels. full employment.
Also released on Friday, US consumer spending rose more than expected in June. Responsible for two-thirds of the country’s economic activity, spending rose 1.1%, while the May figure was revised up to 0.3% from 0.2%.
Economists polled by Reuters had forecast consumer spending to rise 0.9%.
With information from Reuters
Source: CNN Brasil
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