The US inflation surprisingly increased at the beginning of the year. In January, consumer prices increased by 3.0 percent in the previous year and thus faster than in December with 2.9 percent.
The US inflation remains unexpectedly high. In January, consumer prices increased by 3.0 percent in the previous year and thus faster than in December with 2.9 percent. She also climbed to the highest level for half a year. This was announced by the US Ministry of Labor. At the start of the year, the strongest price strikers were costs for services and for air travel.
From December to January, prices attracted 0.5 percent. Experts had only expected an increase of 0.3 percent.
The core inflation rate without energy and food that is prone to fluctuation was also higher than expected in January. Here the ministry reported an annual rate of 3.3 percent. Analysts had an average of 3.1 percent. The core rate is particularly noticed by the US Federal Reserve Fed. In the opinion of experts, it reflects the general price trend better than the overall rate.
Important data for US interest rate policy
The FED aims at an inflation rate of two percent in the medium -term perspective. Most recently, she had reduced the key interest rate by 0.25 percentage points in December. In the interest decision at the end of January, the monetary authorities kept the key interest on the base rate.
After publishing the price data, experts only expect further interest rate reduction at the end of the year. The euro came under pressure for the US dollar after the data. The returns of US state bonds increased significantly. The gold price had recently reached one record high after the other, among other things, because of worries about US tariffs and rising prices.
Expert votes To the current data
Dirk Chlench from the Landesbank-Badenwürttmberg (LBBW) means the US figures: “The inflation trend shows north. The inflation-changing effect of the latest increases in US import tariffs is still pending.”
US President Donald Trump should not like the development, says Bastian Hepperle from Hauck Haitung Lampe: “January did not bring the progress in the decline in inflation that the US Federal Reserve would like to see. A persistent inflation and a continued robust labor market situation will remain in its waiting position for longer. Trump will shoot more volleys on the Fed. “
Trump certainly wants low interest rates to keep the economy going. Accordingly, he confirmed his claim. “The interest rates should be reduced,” said Trump about his online service Truth Social. He referred to his trading policy: Falling interest rates would “go hand in hand with the upcoming tariffs,” wrote Trump, without making this connection in more detail.
