15:34 - 13.10.2022

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October 13, Fineko/abc.az. Inflation, which has caused sharp fluctuations in many markets in recent months, is expected to slow down in the U.S.

ABC.AZ reports that growth of consumer prices in September will be 8.1% year-on-year, lagging behind growth of 8.3% in August.

Consumer prices in the U.S. are expected to grow by 0.2% a month. With the exception of energy and food, inflation is expected to grow 6.5% faster than in August (6.3%).

According to economists, higher-than-expected inflation figures will make it difficult to reduce the rate hike to 50 basis points in December. In their assessment the economists say: "We don’t expect very low inflation until the end of the year because of rising gasoline prices and still high core inflation after the OPEC+ decision to cut production."