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World Business Report: First broadcast 10/08/2023 14:32 GMT : US inflation up again

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First broadcast 10/08/2023 14:32 GMT 

First broadcast 10/08/2023 14:32 GMT : US inflation up again

US inflation up again

BBC World Service - World Business Report, US inflation up again

After 13 months of falls, prices in the US rose again.

Prices in the US rose to 3.2% compared to July last year, following 13 months of falls.

Prices in the US rose to 3.2% compared to July last year, following 13 months of falls after peaking at 9.1 percent last June. 

The increase is due partly to higher housing and food costs.

Although inflation has drifted down from last summer's 40 year high, but it's still well above what the Federal Reserve thinks of as normal prices.

(Credit: Morning commuters walk on Wall St. as the Union Jack flies at half staff outside the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2022. Credit: REUTERS/Brendan McDermid)

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First broadcast 10/08/2023 14:32 GMT : US inflation up again

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