Energy prices have also fueled inflation in the US, but not as much as in Europe. Recently, the price of oil has fallen again.
(Photo: AP)
Dusseldorf/Frankfurt Inflation in the US fell further in August. The inflation rate was 8.3 percent, as announced by the US Department of Labor on Tuesday in Washington. This is less than in July, when it was 8.5 percent. In June, inflation was 9.1 percent. Economists had expected a drop to 8.0 percent in August.
Despite the somewhat weaker price pressure, most experts expect the US Federal Reserve to tighten its monetary policy further. At the Fed meeting on September 21, most of them expect interest rates to rise by 0.75 percentage points to between 3 and 3.25 percent.
In view of the high inflation, the Fed has raised interest rates four times since March, most recently by 0.75 percentage points in June and July. Further steps are also expected in the coming months. The central bank sees price stability with a long-term inflation rate of around two percent.