U.S. inflation 2014 closes with the second lowest in 50 years By LRON at San Jose, CA U.S. 14:45PM 01.16.2015 The IPC of the worlds largest economy fell 0.4% in December, prompting this indicator recorded the largest decline since 2008. The price of fuel in the United States was one of the main factors that influenced the fall inflation. Secretary of State expand called fast trade ties with India US unemployment rate lower than expected in December and is at 5.6% US trade deficit falls in November to its lowest level in 11 months for oil New Factory goods orders fall for the fourth consecutive month in US - The Consumer Price Index (CPI) in the United States fell 0.4% in December compared to November due to falling oil prices, which caused the largest decline in this indicator since 2008. The energy prices plummeted 4.7%, with gasoline in a fall of 9.4%, revealed to figures released by the Labor Department. Core inflation, which excludes volatile food prices and energy, remained unchanged compared to the slight increase of 0.1% in November. In the whole of 2014, inflation stood at 0.8%, the second most moderate of the last five decades annual data. Low inflation data come at a delicate time, when the Federal Reserve first rise in interest rates arises after placing them near zero in December 2008 levels. Falling oil prices and the renewed strength of the dollar are plummeting price indicators in the US and could complicate US monetary policy and inflation targets of 2% set by the Fed. However, the US central bank believes that the impact of low oil prices is temporary.
Posted on: Fri, 16 Jan 2015 23:01:54 +0000
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