Jump to content
House Price Crash Forum
Sign in to follow this  
OzzMosiz

Us Inflation Down (core Inflation Up)

Recommended Posts

US inflation down on cheaper fuel

US inflation fell slightly in August, dipping by 0.1% after a sharp drop in energy prices, officials figures show.

However, core US consumer prices, which excludes food and energy costs, rose by 0.2%, in line with market expectations.

Separate data showed the number of new US homes being built sank to the lowest annual rate for 12 years, while permits for new construction also dipped.

The data came a day after US interest rates were cut from 5.25% to 4.75%, a larger cut than most had predicted.

In making its rate cut decision, the Fed acknowledged that inflationary pressures remained, but said it needed to avert an economic downturn prompted by woes in the housing market.

Analysts said that Wednesday's data suggested the Fed's decision had been the right one as it showed that the housing market had weakened while inflation had stayed under control.

Energy costs have now fallen for three straight months, however bills have risen in September with oil prices hitting new records.

The Labor Department figures showed that clothing prices fell 0.5% and the volatile hotel component dropped back 0.6%.

In separate data from the Commerce Department, the number of new US homes being built fell 2.6% last month to an annual pace of 1.331 million units, the lowest rate for 12 years.

Building permit requests - seen as an indicator of future construction plans - hit a low not seen since mid-1995.

Edited by OzzMosiz

Share this post


Link to post
Share on other sites
US inflation down on cheaper fuel

US inflation fell slightly in August, dipping by 0.1% after a sharp drop in energy prices, officials figures show.

With Oil prices at a record high in Dollars, I'm not sure how this is possible. Can anyone fill me in with the missing 1+1 = -2 maths?

Share this post


Link to post
Share on other sites
With Oil prices at a record high in Dollars, I'm not sure how this is possible. Can anyone fill me in with the missing 1+1 = -2 maths?

Don't ask me!! :blink:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 351 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.