In accordance with the report of the Ministry of Commerce on Thursday, inflation in September increased and approached the Federal Reserve's target. As reported, consumer prices rose by 0.1% last month, indicating a speeding up after stagnation in August. Compared to September of last year, inflation was 5.4%. Prices for food and beverages increased by 0.9%, including alcoholic beverages and food consumed away from home, while prices for utilities and energy fell by 0.4%. Automobile prices also declined, showing a negative dynamic for the second month in a row, reflecting a global microchip shortage that hampers automobile production.
"The accelerated inflation in September is associated with rising prices for food products and decreased prices for utilities and automobiles. The rise in inflation at 5.4% compared to last year remains one of the main concerns of the American government," noted the economist.
