Inflation in the US grew 6.2% in October, its biggest increase since 1990

Inflation increased more than expected in October in the United States, reaching record levels, due to persistent problems in supply chains worldwide that notably affect energy prices.

The price rise was 0.9% in October compared to 0.4% in September, according to the CPI price index published this Wednesday by the work Department. Analysts had expected 0.6 percent.

Compared to October 2020, prices rose 6.2% compared to 5.4% in September. This is the largest increase since November 1990the department said in a statement.

The rise is generalized for all sectors, although it is particularly notable in energy, housing, food and vehicles.

Core inflation, which excludes volatile prices such as energy, remains high and increased 0.6% in October versus 0.2% in September.

Unemployment benefit claims continue to decline

Unemployment benefit claims fell again in the United States and are close to pre-Covid-19 pandemic levels in March 2019.

In the week closed last Friday, 267,000 people, 4,000 less than in the previous week, requested that benefit. This is the sixth consecutive drop in applications and it beat analysts’ expectations of 265,000.

The amount almost returned to its level of mid-March 2020 when the first activity restriction measures were taken by the emergence of Covid-19 in the United States.

In 2019, the average grant request was about 220,000 per week.