The general inflation rate in the United States has risen again, albeit slightly. Prices in the US rose by 3.0 percent compared to the previous year in January, according to the statistics agency, which reported the data on Wednesday. Compared to the previous month, prices increased by 0.5 percent.
In December, consumer prices had risen by 2.9 percent year-on-year. The so-called “core inflation” which excludes energy and food, stood at 3.3 percent in January, following 3.2 percent in the previous month.
Energy prices rose by 1.0 percent year-on-year, after a 0.5 percent decline in the previous month. Food prices increased by 2.5 percent over the past year, the same as in December.
Investors typically keep a close eye on the US inflation rate, as declining inflation rates can prompt the Federal Reserve to lower interest rates. High interest rates are seen as a burden for the stock market and the real estate market, among other things, as the bank account becomes a more attractive investment alternative.