WASHINGTON (Reuters) – The inflation rate decelerated slightly in August in the U.S., higher gasoline prices has also slowed, while prices of new cars have not changed, announced the Labor Department on Thursday.
Retail prices rose 0.4% last month after rising 0.5% in July. Economists expected a 0.2% increase. Yoy, the increase was 3.8%, the highest since September 2008.
Food prices recorded their largest increase since March by 0.5% from 0.4% in July. The price of gasoline rose 1.9% after gaining 4.7% in July.
Excluding food and energy price inflation in August was 0.2%, as July and as expected by economists. Year is 2.0%, the highest percentage since November 2008.
To the extent that producers have little ability to raise prices, with consumers who face an unemployment rate of 9.1%, inflation is not considered a threat to economy that barely grew in the first half.