(Reuters) – Consumer price growth (ICC) in the United States accelerated in June, show data from the Labor Department published on Tuesday.

The CPI index came to +0.3% in June over a month, online with analysts’ expectations and after +0.1% in May.

Over one year, the increase in the CPI index is 2.7% in June, a better pace than expected by consensus (+2.6%), after an increase of 2.4% in May.

The inflation figures were low between February and May, which led US President Donald Trump to ask the American central bank to lower loan costs.

Economists said that inflation had been late to react to the generalized import rights announced by the American president in April, as companies continued to sell the stocks accumulated before the entry into force of customs duties.

Economists expect the prices of goods to remain high throughout the summer.

By excluding the volatile elements such as food and energy, the underlying consumer price index (“Core CPI”) increased to 0.2% in June over a month, against a 0.3% consensus, and after 0.1% in May.

In annual rhythm, the “Core CPI” emerged at 2.9%, while the consensus was tab for 3.0 and after 2.8 in May.

The sharp rise in goods prices could however be somewhat compensated by a moderate increase in the costs of services, which would soothe fears of a widespread increase in inflationary pressures. The weakness of the demand has limited the price increases in the services related to the services, such as plane tickets and reservations of hotel and motel rooms.

The American Federal Reserve (Fed) follows various inflation indicators to achieve its 2%objective. The central bank is expected to maintain its key rate one day in a range of 4.25% to 4.50% at its monetary policy meeting later this month.

The report of the meeting of June 17 and 18 of the central bank, published last week, revealed that only “some” responsible estimated that rates could drop from the meeting on July 29 and 30.

Goldman Sachs provides a monthly increase in inflation “Core CPI” between 0.3% and 0.4% in the coming months, reflecting the prices of consumer electronic products, cars and clothing related to customs duties. The investment bank expects a short -term limited impact on the inflation of basic services.

(Lucia Mutikani, written by Mara Vîlcu, edited by Augustin Turpin)

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