In August, the U.S. recorded low inflation

With the exception of gasoline prices, inflation in the last month of summer was low. Judging by the report of the Ministry of Labour, published on Friday 17 September, prices in August as in July, grew on average by three tenths of a percent.

These data indicate that the U.S. Federal Reserve Bank, probably for some time to keep the current low interest rate. Next week, the American leadership of the Central Bank will meet in Washington to address the level of interest rates and other economic problems.

The interest rate is maintained at a low level in order to stimulate economic growth. With increasing inflation the Federal Reserve Bank raises interest rates to support the economy and prevent a sharp rise in prices.