Companies are desperately looking for staff. This drives up wages and raises concerns about a wage-price spiral in which higher prices and wages reinforce each other.
(Photo: AP)
New York, Frankfurt Inflation in the US fell slightly in September. The inflation rate was 8.2 percent, as announced by the US Department of Labor on Thursday in Washington. That’s down from August, when it was 8.3 percent. However, economists had expected a somewhat sharper decline to 8.1 percent in September.
Also disappointing: Compared to the previous month, prices rose by 0.4 percent, compared to an increase of only 0.2 percent.
This is also confirmed by the so-called core inflation, which excludes the strongly fluctuating prices for energy and food: It was 6.6 percent in September after 6.3 percent in August. This shows that the pace of inflation has not yet clearly slowed down.