This lesser increase is explained in particular by the fall in the price of gasoline.
Inflation slowed more than expected in July in the United States, thanks in particular to the fall in the price of gasoline at the pump, but remains at a very high level, which could push the American central bank (Fed) to raise interest rates sharply again.
Consumer prices rose 8.5% in July year on year, according to the Consumer Price Index (CPI) released Wednesday by the Labor Department. And over one month, inflation is even zero, which means that prices have, against all expectations, not increased compared to June.
Wall Street set to open sharply higher
The New York Stock Exchange was preparing to open sharply higher on Wednesday, reassured by the figures for US inflation. Futures were up 1.22% for the Dow Jones, 2.19% for the Nasdaq and 1.61% for the S&P 500, as they climbed around 0.30% ahead of the release. a consumer price index (CPI) stable over one month and up 8.5% over one year, against +9.1% in June.
Read alsoWall Street ends lower, weighed down by technology ahead of US inflation
SEE ALSO – United States: the Fed raises its rates again by three quarters of a point
At the same time, the dollar was losing ground against other currencies. Around 2:45 p.m. in Paris, the greenback notably lost 1.21% against the European currency, at 1.0338 dollars for one euro, and lost 1.32% at 1.2243 dollars for one pound.
.
