Consumer prices in the United States in July rose 5.4% compared to the same month of the previous year and remain high due to the rapid economic recovery.
Consumer prices in July, announced by the US Department of Labor on the 11th, were up 5.4% compared to the same month last year.
This is the same high level as the previous month, which was the first increase in 12 years and 10 months.
The rise in prices is due to the rapid recovery of the economy against the backdrop of the government's economic measures, and the demand for a wide range of goods and services is increasing. In July, inflation increased by 0.5% compared to the previous month. The pressure is increasing.
Looking at the items by item compared to the previous year, "gasoline" increased significantly by 41.8%, "used cars" increased by 41.7%, and "food" also increased by 3.4%.
Prices in the United States continue to significantly exceed the rate of increase of about 2%, which is the guideline of the Federal Reserve Board of Governors, which is the central bank.
The Fed is expected to determine the timing of a policy shift called "tapering," which will gradually reduce the scale of the current quantitative easing, after assessing the improvement of employment as well as prices. It is attracting a lot of attention from financial markets.