Increase in consumer prices
In October 2024, inflation in the United States showed an increase of 0.2% in consumer prices on a monthly basis, a figure that aligns perfectly with analysts’ forecasts. This growth, reported by the Bureau of Labor Statistics (BLS), reflects market expectations and the previous month’s rate, highlighting economic stability in a context of
global uncertainty.
Growing housing and food sector
The housing sector played a crucial role in this increase, with an increase of 0.4%, contributing to more than half of the overall price increase. This is significant, as the housing market continues to influence the US economy. At the same time, the food index registered a growth of 0.2%, with food at home increasing by 0.1% and food outside the home seeing an increase of 0.2%. These increases indicate pressure on consumers, who face higher costs for essential goods
.
Energy sector and future prospects
Contrary to previous sectors, the energy sector maintained stability in the month of October, without significant changes after a decrease of 1.9% recorded in September. This could suggest an adjustment phase after the fluctuations of the previous months. On an annual basis, inflation increased by 2.6%, higher than the 2.4% of the previous month and in line with market expectations. This trend could influence the Federal Reserve’s interest rate decisions, as rising inflation could push for a tightening of monetary policy
.
Impact on Asian markets
The US economic environment also has repercussions on Asian markets. For example, the, the Hong Kong stock exchange continued its negative streak with a decline of 0.1%, while Shanghai recovered 0.51%. American and Chinese economic policies are key factors affecting these markets, creating a climate of uncertainty and volatility. Investors are closely monitoring inflation trends and central bank responses, as these elements are crucial to global economic stability
.