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Annual inflation in the United States of America rises in July, and the monthly reading is declining
image 11 August، 2021
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Data issued by the Bureau of Labor Statistics in the United States of America this evening, Wednesday, showed an increase in the CPI, which measures inflation, by 0.5% in July, after rising by about 0.9% in June, to come in line with expectations.
On the other hand, the annual index rose over the past 12 months to 5.4% better than expectations that indicated a decline to 5.3%.
The main index, excluding food and energy prices, declined in July to reach 0.3%, compared to the June reading of 0.9%, and less than expectations that it would rise to 0.5%. In the details of the index, the monthly food index recorded a growth of 0.7% compared to 0.8% in June, while the annual index rose by 3.4%, in contrast, the energy index rose to 1.6% compared to 1.5% in the June reading and rose by 23.8% in the annual reading.
On the other hand, Richmond Federal Reserve Chairman Thomas Barkin stressed that he supports reducing the pace of bond purchases as soon as possible and preparing for an eventual increase in interest rates as a protection against inflation.
In the next few months. The US dollar recorded declines after the statement by more than 0.20%, and is trading at 92.88 levels, after testing 93.16 levels at the beginning of the European session.
Gold, in turn, recorded increases of more than 0.80% at the beginning of the American session, to trade at levels of 1745 dollars an ounce.
The yield on US Treasury bonds for ten years is trading at 1.342, down from 1.356 levels recorded at the beginning of the European session.

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