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The inflationary index of the United States reached 5.4% in the month of September, placing the Consumer Price Index (CPI) with an increase of 0.4%, according to the results provided by the Bureau of Labor Statistics.
This unexpected rebound reflects a rise in prices. By annual component, energy has risen 24. 8% compared to the same period of 2020; gasoline 42%, gas 20. 6%, used cars presented an increase of 24. 4% compared to September 2020.
The increase in inflation this month, exceeded experts’ expectations by one tenth. Expected 5.3%. This figure marks the highest inflationary level in the United States in recent 13 years.
This will impact the process of monetary normalization that has not yet started in the US but has in emerging economies.
It should be noted that after the economic and closure consequences left by the Covid pandemic – 19 during the 2020, prices have not stopped rising in the US economy which in turn have been affected by delays in supply chains that have generated shortages.
With respect to this increase in inflationary figures, the Federal Reserve insists that it will be transitory, although the central bank’s expectations were slightly lower than the results of September 2021.
The Fed expected inflation to reach 4.2% instead of 3.4% that was forecast in June and they expect that for the 2022 to drop to 2.2% . This was announced in a statement in mid-September.
Therefore, the Fed assures that the pandemic still slows the economic recovery and in view of which is still underway, interest rates are expected to change by the end of 2022, according to the Committee Federal Open Market of the Fed (FOMC).
To close the 2021 inflation is expected to close at 4.4%, which represents the highest average annual inflation since 1991.