He further stated that the inflation Overall, it is down 60% from its peak in July 2022, at a time when unemployment has remained below 4% for twenty months in a row.
“I will continue to fight for one economy from the center and from the bottom up, even as Republicans in Congress make reckless threats to weaken our economy, prioritize tax cuts for the wealthy and big corporations, and push for deep spending cuts,” he said.
In September the index of residence It contributed the most to the monthly increase of all prices and was responsible for more than half of the increase. It rose six-tenths month-on-month and was up 7.2% year-on-year.
This concept includes the rental of the residence usual, outdoor accommodation, rent equal to the owner and building insurance.
After the strong increase in August, energy prices rose 1.5% this month and fell 0.5% year-on-year. Gasoline, whose price rose 10.6% in August, September it rose only 2.1%.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.