Inflation coming back to normal level
Hello guys and welcome back.
After a short holiday im now back in business on publish and just today the American inflation rates are published.
After the crazy spike in inflation during the last two years which had been caused by the money printing policies of central banks all over the world, we are slowly coming down to normal levels.
Let's see the Details:
All Data is based on Inflation Levels from one year ago, compared to now.
- The consumer price index (the price of basket of basic goods which is used to measure this index) increased by 3.1 percent.
- Excluding high volatile good like energy and food, the inflation increased by 4 percent
- Energy prices went down by 2.3 percent
- As fuel oil went down by 2,7 percent and gasoline by 6.
- Food prices increased by 0.2 percent
Month by month the consumer price index is down by 0.3 percent
Conclusion:
The central banks main target by raising interest rates was bringing down inflation below these rates. It seems like this target is sustainably reached and it's a question of time until central banks lower the interest rates again. This will happen most likely in spring 2024 if no unvorserable event is happening which brings the now achieved financial stability out of it again.
If it goes on the way we are on now, we will soon reach the two percent inflation target and a more stable economy again.
As always for the end:
What do you think?Is out economy now strong enough again or are these numbers just hiding some bigger problems which could bring more trouble in the future?
Have a successful week and stay wise.
Cheers :)