Consumer prices in the US are expected to rise sharply in October in the next three decades, as barriers and other volatility in retail prices increase and prices fall sharply.
Collaborative predictions made by Bloomberg show that consumer price index published by the Bureau of Labor Statistics Wednesday increased by 5.9 percent in October from the previous year – the fastest annual run since 1990 and the largest increase from September 5.4 percent.
Gains on monthly rates are also expected to increase, with a jump of 0.6 percent enrollment. time, when prices rose 0.4 percent.
When fixed assets such as food and energy are removed, economists expect a monthly increase of 0.4 percent, double the most recent rate. Annually, this is expected to enroll at 4.3 percent. In September, it rose 4 percent.
The forthcoming sentiment will strengthen the perception that inflation is continuing beyond expectations – a major risk the Federal Reserve acknowledged last week when it announced its start-up goals. lift back its $ 120bn purchasing plan later this month.
Although prices have fallen in recent months in some areas most affected by the economic recovery due to the coronavirus epidemic, including used cars and transportation costs, prices are rising elsewhere.
Rent and other accommodation related expenses, representing about one-third of CPI, have risen sharply in recent months, with some jobs increasing as employers raise wages to address the growing labor crisis.
The worsening demand for electricity has also increased the prices of electricity, and dangerous barriers have made many goods, from household goods to new cars, more expensive.
Fed officials – including chairman Jay Powell and Richard Clarida, deputy chairman – continue to argue that current inequality will diminish as global markets and labor markets change, meaning that current inflation will ensure “failure” and disappear over time.
But Powell and Clarida have shown that the Fed is monitoring the situation and is willing to use the central bank’s equipment if necessary.
One of the most anticipated interest rates, the future of the eurodollar, is indicating that the Fed will raise its interest rate in September 2022.