After concerns that the inflation pressure would now take off again, today's figures are seen as a slight relief.
The core inflation, i.e. excluding food and energy prices, increased by 0.3 percent compared to the previous month, which was in line with market expectations.
On an annual basis, the inflation rate was 2.6 percent, which is also the lowest figure since the beginning of 2021. This is also based on the so-called PCE measure, which is traditionally considered the most important price measure when it comes to decisions on the American interest rate.
In contrast to the more common CPI measure of inflation, which is based on a basket of goods, the PCE inflation is calculated based on what is actually consumed.
The Federal Reserve has, however, previously announced that it wants to see a significant decline in inflation before it can be considered for further interest rate cuts. Just like the Swedish Riksbank, the Fed has an inflation target of 2 percent.
