U.S. inflation hits a 13-year high
The inflation rate in the United States rose sharply, according to Labor Department statistics for April, released Wednesday, it reached 4.2 percent in annual terms. According to Market Watch's estimates, this is the highest in 13 years. Analysts had forecast a 3.6% rate, up from 2.6% in March the figure was 2.6%. The consumer price index in April rose to 0.8%, which experts' expectations (0.2%). For comparison, in March it was at the level of 0.6%. The rise in prices in April (excluding the cost of food and gas) was 0.9%, which, according to the U.S. Department of Labor's estimate was the highest in 39 years. On a year-over-year basis. growth accelerated nearly twice as much, to 3%. The Federal Reserve had previously warned of rising inflation, a topic that has been recently has been the focus of the participants of the stock and of the stock and currency markets. Yesterday's statistics had a negative impact on U.S. stock indices, which closed with a decline of 1,99% - 2,67%.