In The US, Prices Rose In September, And Clothing Prices Fell The Most.

2011/10/20 10:48:00 21

The US consumer price increase in September has reached a 3 month low, which means that inflation is likely to cool, as expected by Fed officials.

Data released by the US Department of labor in Washington today showed consumers in September.

price

The index (CPI) was up 0.3% from the previous month, in line with the median forecast for a Bloomberg visit.

Excluding volatile food and energy prices, the so-called core CPI rose by 0.1%, not only lower than expected, but also a new low since March.

When employment and income growth are sluggish and consumer spending is tight,

Clothes & Accessories

Retailers Gap Inc. and Safeway Inc., a supermarket chain operator, say that the price increases are limited and the cost of raw materials is difficult to compensate.

As the worries caused by inflation will decrease, the policy makers will have flexibility to take further measures to cope with the collapse of the US economy.

The price of clothing has been the biggest since 1998.

Decline

The falling prices of used cars and trucks, plus rent rose 4 months ago, are all factors contributing to the slowdown in core competitiveness last month.

The report also suggests that the number of retirees expected to receive social security benefits will increase by 3.6% next month.