The US inflation rate has seen a noticeable increase recently. According to data released Tuesday by the responsible statistical agency, prices in the United States rose 2.7 percent compared to the same period last year. This represents an increase of 0.3 percent compared to the previous month.
In May, consumer prices had climbed 2.4 percent year-over-year. The so-called core inflation, which excludes the volatile components of energy and food, registered at 2.9 percent in June, up from 2.8 percent in May.
Energy prices decreased by only 0.8 percent year-over-year, a significant slowdown from the 3.5 percent decline observed in the prior month. Food prices increased by 3.0 percent within the past year, slightly higher than the 2.9 percent increase seen in May.
Market observers closely monitor US inflation figures, as decelerating inflation can potentially prompt the Federal Reserve to consider lowering benchmark interest rates. Elevated interest rates are often viewed as detrimental to both the stock market and the real estate sector, as they can make savings accounts an attractive alternative investment. Many experts attribute upward pressure on prices partly to the trade policies enacted by the administration of President Donald Trump.
