In the USA, inflation fell slightly for the first time since January.
Consumer prices rose 3.4 percent in April compared to the previous year, according to the US Department of Labor.
In March, inflation was still at 3.5 percent.
There were fears that inflation in the USA could be higher. But above all, lower prices for new cars and cheaper airline tickets in the shopping cart contributed to prices only increasing by 3.4 percent compared to the previous year, as the US Bureau of Labor Statistics announced.
Legend:
The slight decline in inflation is hardly noticeable in consumers’ wallets.
Keystone / EPA, ALLISON DINNER
Retail in the USA also started the second quarter with stagnating business. Revenues in April remained at the same level as the previous month, according to the US Department of Commerce.
Inflation target at two percent
The US Federal Reserve (Fed) is combating inflation with high interest rates and is aiming for an inflation rate of two percent. After some aggressive increases, the central bank paused several times and kept the key interest rate constant in a range of 5.25 to 5.50 percent. The first interest rate cut on the financial markets is not expected until September at the earliest.
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