In the USA, April saw a slight lessening of inflation.
The United States saw a slight decrease in inflation rates last month. The Department of Labor in Washington reported that consumer prices climbed by 3.4% in April compared to a year prior, down from the 3.5% increase in March.
Economists anticipated this change, as prices had only risen 0.3% from March to April - a decrease from the projected 0.4% increase.
The US Federal Reserve, responsible for controlling inflation, has employed a high-interest rate policy aimed at keeping inflation at 2%. However, after several rounds of aggressive rate hikes, the central bank took a break, maintaining the key interest rate within the 5.25-5.50% range. The financial markets now predict the first rate reduction in September.
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The decrease in inflation rates in April was a positive development for the USA, reaching 3.4% compared to the previous year, which represents a decline from the 3.5% increase in March. Economists predicted this change, as prices only rose by 0.3% from March to April, less than the projected 0.4% increase.
Source: www.ntv.de
