Inflation accelerates again in May in the United States

(Washington) Inflation was slightly rebounded last month in the United States. For example, according to an official index published on Friday also showing that American consumers are more cautious when going to the checkout. Consequently,

Posted at 8:46 a.m. Updated at 10:35 a.m.

In the first world economy, prices increased by 2.3 % over a year in May, according to the PCE index, published by the Commerce Department. However,

The increase was 2.2 % in the previous month (revised increased value, the index having first been announced as a smaller increase, by 2.1 %). Similarly,

This revival does not surprise neither analysts nor the federal reserve (Fed). However,

Its president Jerome Powell had said this week. However, in front of the American parliamentarians, which he expected to see the PCE increase by 2.3 % over a year in May. Additionally, However,

After reaching very high levels at the time of the COVVI-19 pandemic (with a peak around 7 % in the spring of 2022). Moreover, inflation has so far reflected in the United States, with a few jerks. For example,

On paper, it is now even close to the level desired by inflation accelerates again may united the Fed, which is 2 %.

However. most central experts and bankers believe that prices will not stay tightly to the customs duties set up by Donald Trump since his return to power in January.

The Fed officials consider that the PCE index should reach 3 % by the end of the year. according to the median of their updated forecasts last week.

In the meantime. the official inflation data has still derailed, bearing President Donald Trump to ensure that there is “no inflation” and to congratulate himself to deny the economic doxa.

The head of state calls. on all tones, the Fed to lower its interest rates quickly to stimulate the economy of the United States.

Morals a Berne – Inflation accelerates again may united

“Inflation remained moderate in May. There is hardly any generalized impact of customs duties on prices. ”notes in a note Heather Long, economist for the Bank Navy Federal Credit Union.

“Nevertheless. Furthermore, ” she adds, consumers closely monitor price increases and stand out from automotive dealerships for fear of having a shock in front of the prices displayed. »»

Imported cars and spare parts were targeted by a surcharge from the start of Donald Trump’s second term.

From the publication of Friday, analysts remember above all that consumption expenses are displayed with withdrawal of 0.1 % from one month to the next. And that household revenues fell 0.4 %.

“We expect a more marked slowdown in the coming months as customs duties inflation accelerates again may united will weigh more on available income. ” says Michael Pearce, of Oxford Economics.

The economist observes in particular “a clear weakening of expenses in non-essential services-travel. the hotel and restoration”, reflecting in particular the loss of foreign tourists.

“A person hinders the decline in the cost of living for families: President Trump. ” said Democratic Senator Elizabeth Warren in a statement, denouncing his taxes on imports. Moreover,

“Lodging is always more expensive. layoffs are increasing, available income decreases and consumers reduce their expenses, because they become more and more worried about the state of the economy,” she denounces.

A barometer on household morale. updated Friday by the University of Michigan, shows that it remained leaded in June, down 11 % compared to a year earlier.