Inflation in the United States jumps by 2.9 % in August with high gas, grocery and flight rates

Inflation increased in the United States last month, as the price of gas, groceries and hotel rooms rose and increased with the cost of clothes and used cars.

The Ministry of Labor said on Tuesday, the prices of consumers increased by 2.9 percent in August of the previous year. It has been the largest increase since January.

With the exception of the volatile food and energy categories, the basic prices increased by 3.1 percent, as in July. Both numbers are 2 percent higher than the Federal Reserve.

Reading is the last data that the Federal Reserve will receive before its main meeting next week, when politicians are expected to reduce about 4.1 percent from 4.3 percent.

However, the figures emphasize the challenges faced by the Federal Reserve because they suffer from uncompromising pressure from President Donald Trump to reduce prices.

With the top enlargement of inflation, modern government reports also showed that employment had slowed in recent months and was less than previously estimated last year. The unemployment rate in August has risen to 4.3 percent still low. Weekly unemployment claims increase sharply last week, signs may be captured.

The Federal Reserve usually reduces its main rate when unemployment has risen to stimulate more spending and growth. However, this will do the opposite and raise rates – or at least keep them unchanged – in the face of increased inflation.

Last month, Federal Reserve Chairman Jerome Powell indicated that federal reserve officials are increasingly concerned about jobs, and are likely to reduce their rate when they meet next week. However, high -enlargement can prevent stubborn feeding from cutting very quickly.

On a monthly basis, inflation accelerated in general, as prices increased by 0.4 percent from July to August, faster than 0.2 percent of the previous month. The basic prices increased by 0.3 percent for the second month in a row.

The inflation data arrives at the same time as Trump sought to shoot the governor Lisa Cook as part of an attempt to confirm more control of the Federal Reserve. However, the court said late on Tuesday that the shooting was illegal and issued Cook that he could keep its job during the conflict in the courts.