Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

USA: Inflation slightly higher than expected

» Updated: 26 July 2024, 14:58

» Published: 26 July 2024

USA: Inflation slightly higher than expected
Photo: Nam Y. Huh/AP/TT

Inflation in the USA fell to 2.5 per cent in June according to the so-called PCE measure. This can be compared with 2.6 per cent for May.

Despite the inflation going down, the figure came in slightly higher than expected. According to a compilation from Bloomberg, investors had expected an inflation of 2.4 per cent.

The PCE inflation is seen by the USA's central bank Federal Reserve (Fed) as the most important price increase measure when decisions on future interest rates are to be made.

In contrast to the more common CPI measure of inflation, which is based on a basket of goods, the PCE inflation is calculated on what is actually consumed.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Mixed on Asian Exchanges
1 MIN READ

Mixed on Asian Exchanges

Christmas Sales Expected to Break Records
2 MIN READ

Christmas Sales Expected to Break Records

Still Happy Faces on Wall Street
1 MIN READ

Still Happy Faces on Wall Street

Trump in focus after expected Fed decision
2 MIN READ

Trump in focus after expected Fed decision

Divided on softer amortization requirements
2 MIN READ

Divided on softer amortization requirements

How much the banks lower the mortgage rate
1 MIN READ

How much the banks lower the mortgage rate

Higher costs hit SAS owner
1 MIN READ

Higher costs hit SAS owner

The Union Steps Up the Tesla Strike
1 MIN READ

The Union Steps Up the Tesla Strike

New French obstacles for Airbnb
1 MIN READ

New French obstacles for Airbnb

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

The Stockholm Stock Exchange Closed Up
1 MIN READ

The Stockholm Stock Exchange Closed Up