Moscow. July 13. INTERFAX.RU – Consumer prices (CPI index) in the US in June rose by 9.1% in annual terms, showed data from the country’s Ministry of Labor.
Inflation accelerated from 8.6% in May to a new high in nearly 41 years (since November 1981).
Analysts on average expected an increase of 8.8%, according to the results of polls by Trading Economics, MarketWatch and Bloomberg.
Energy prices jumped 41.6% last month, the biggest increase since April 1980. Including gasoline rose in price by 59.9% (a record since March 1980), electricity – by 13.7% (the most significant rise since April 2006), natural gas – by 38.4% (maximum since October 2005) .
The increase in the cost of food was the most significant since February 1981 – by 10.4%.
New vehicles rose in price by 11.4%, used cars and trucks – by 1.7%. Airfare prices soared 34.1%.
Better-than-expected data indicate that the Federal Reserve may need to continue its cycle of aggressive interest rate hikes to bring price increases under control, economists say.