US inflation data, which is closely related to gold prices, has been announced. 2021 inflation in the USA reached 7 percent, the highest level since June 1982.
Consumer prices in the US continued to rise and rose to the highest level in the last 40 years on an annual basis. According to the statement made by the US Department of Labor, consumer prices in December increased by 0.5 percent compared to the previous month. The market expectation was that the increase would be 0.4%. The annual increase in consumer prices was 7 percent. Analysts had also predicted that the annual increase would be 7 percent. This was the highest level since June 1982. CORE INFLATION AT THE HIGHEST OF 31 YEARS Consumer prices excluding food and energy, which are considered core prices, increased by 0.6 percent compared to the previous month and increased by 5.5 percent annually. Analysts had expected 0.5 percent and 5.4 percent increases, respectively. Core inflation also reached its highest level since February 1991. ENERGY PRICES INCREASED 29.3 PERCENT ANNUAL While energy prices in the country decreased by 0.4 percent monthly, they increased by 29.3 percent annually. Food prices increased 0.5 percent monthly and 6.3 percent annually. Average weekly earnings were up 0.1 percent. Annual inflation increased to 6.8 percent in November. The core inflation indicator, on the other hand, increased by 4.9 percent in November compared to the previous year. INCREASING INTEREST RISE MAY COMING Before the data, the Chairman of the US Federal Reserve, Jerome Powell, said that high inflation is a "serious threat" to the economic recovery in the USA and that the Fed will do what is necessary to rein in inflation. "If inflation continues longer than we expect, we need to raise rates," Fed Chairman Jerome Powell said. had used the words.