Annual inflation in the U.S. in August slowed to 1.1%

Inflation in the U.S. in August of this year slowed to 0.1 percentage points - up 1.1% year on year from 1.2% in July, figures from the Bureau of Labor Statistics U.S. Department of Labor.

Published data coincided with expectations of analysts surveyed by the information-analytical Internet portal dailyFX.com.

According to the report, the main factors of inflation on an annualized basis in the country are raising prices for used cars and fuel. At the same time on a monthly basis, consumer prices in the U.S. last month rose by 0.3% compared with July.

Meanwhile, consumer prices, excluding food and energy industries, remained unchanged in August on a monthly basis. Annualised growth rate amounted to 0,9%. Analysts believed that consumer prices excluding food and energy industry, rose in August by 1.0% over the same period last year.

U.S. Labor Department prepares and publishes a monthly basis relating to the most important indicators of U.S. economic report on the consumer price index (CPI, the cost of a fixed market basket of goods and services - 40% and 60%). This index is used for cost accounting in constant prices and is the main measure of inflation in the country: it was to him "tied" contracts for possible changes in the cost of living, employment contracts, payment of social security and tax benefits.