US Inflation Rate Rises Slightly, Core Inflation at 3.3%
The general inflation rate in the US has risen slightly. In November, prices in the United States increased by 2.7% compared to the previous year, according to the statistics office, which announced the data on Wednesday. Compared to the previous month, prices rose by 0.3%.
In October, consumer prices had risen by 2.6% over the past year. The so-called “core inflation” which excludes energy and food, stood at 3.3% in November, after 3.3% in the previous month.
Energy prices fell by 3.2% over the past year, following a decline of 4.9% in the previous month. Food prices rose by 2.4% over the past year (October: 2.1%).
Investors generally keep a close eye on the US inflation rate, as declining inflation rates can encourage the Federal Reserve to lower interest rates further. High interest rates are considered a poison for the stock market and the real estate market, among other things, as the bank account remains an attractive investment alternative.