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Friday, December 02, 2022

Fashion inflation in the United States slows to 4.1% in October

Inflation continues to climb in the United States. In October, the consumer price index (CPI) for fashion in the country registered a 4.1% increase, according to data published today by the US Bureau of Labor Statistics.

Inflation in this sector has slowed its pace compared to the previous months, when it stood at 5.1%. The October data is actually the lowest level so far this year. In January, fashion inflation in the North American country was 5.3% and increased to 6.6% in February.

In March, fashion inflation in the United States rose another 6.8%, while in April it began to moderate, rising to 5.4%. The prices in May, June and July increased by 5%, 5.2% and 5.1% respectively. In August and September, the Fashion CPI also registered a growth of 5.1% in both the months.

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The general CPI in the country has also moderated growth in the tenth month of the year.With an increase of 7.7%. In recent months, the country recorded a historic increase in prices, up 8.5% in August and 8.3% in September.

The category that saw the biggest increase in prices in October was once again energy, up 17.6 per cent. Growth was also more moderate than in previous monthsAfter a 23% increase in September.

After energy, food was the second category that increased its prices the most in the tenth month of the year, rising by 10.9 per cent, while inflation in the automobile sector stood at 10% in September. 4% and medical services recorded a value. 5.1% increase.

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Inflation in the United States in October occurs in the general context of price increases, In October, the Eurozone CPI registered a rise of 10.7%, a new all-time high, according to Eurostat data.

While waiting to know the October figures, prices in Spain closed with a year-on-year increase of 8.9% in September, according to data from the National Institute of Statistics (INE). The Fashion CPI registered a growth of 3.9% in the ninth month of the year, reducing its momentum over the previous months.

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