September 16, 2021

The Pulse

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The biggest price increase in the United States in almost 13 years – E24

U.S. consumer prices had the strongest annual growth from 2008 to April, while core inflation had its biggest growth since the 1980s.

Jessica Rinaldi / Reuters
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The U.S. Consumer Price Index grew by 4.2 percent in April – the largest growth since September 2008.

It whispers New numbers From the United States Department of Labor.

Monthly growth from March to April was 0.8 percent. This is an increase from a monthly growth of 0.6 per cent in March.

If you remove the annual and often volatile food and energy prices, the main inflation soared to 0.9 percent from March to April.

According to the Ministry of Labor, this is the largest monthly increase in major inflation since April 1982.

At the same time, the annual growth rate of major inflation was 3.0 percent.

Stronger than expected

Inflation is stronger than expected. In anticipation, analysts expect monthly growth of 0.2 percent for consumer prices and 0.3 percent for core inflation. Bloomberg.

At the same time, annual growth was expected to be 3.6 percent, according to Dow Jones estimates. CNBC.

The codes on Wall Street rejected trading before opening hours after the numbers were released. At the time of writing, the Nasdaq futures are down 1.6 percent, while the Dow Jones and S&P 500 futures are down 0.42 and 0.76 percent, respectively.

Fear of inflation in the market

Concerns about high US inflation and the possible consequences for the US Federal Reserve’s monetary policy are linked to the recent slump in the stock market.

But many employees at the US Federal Reserve have gone out and said the economic recovery is still uncertain and that discussions on tightening monetary policy are too soon. Bloomberg.

Nevertheless, some worry that inflation will remain high, he writes, after reports that more companies are raising wages while competing for fewer job seekers. Reuters.

– The stock market does not exactly meet the opportunity for higher wages and price growth with Sears. McNee Ostner wrote in a morning statement before today’s figures on DNP markets that although the technology sector was usable in US stock markets yesterday, the fall growth was driven by stocks, especially as these companies have recently experienced weak growth.

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