MADRID, 13 Dic. (EUROPA PRESS) -

The inflation rate in the United States stood at 7.1% last November in year-on-year terms, which represents a decrease of six tenths compared to the data for October, thus chaining five months of moderation and registering the smallest increase in prices for all of 2022, according to data released this Tuesday by the Labor Statistics Office of the country's Department of Labor.

The rise in the cost of energy experienced a moderation of 4.5 points in the eleventh month of the year, reaching 13.1%. This is the smallest increase in energy prices since the country's inflationary spiral began in March 2021.

In turn, food became more expensive by 12% year-on-year, four tenths less than the increase in October and the lowest figure since before the summer.

Thus, subjacent inflation in the United States, which is the result of excluding food and energy prices from the calculation, stood at 6% in November, three tenths less than the previous month.

The country's high inflation data has led the US Federal Reserve to raise interest rates at a particularly fast pace. During 2022, the price of money has risen by almost four percentage points.

At the last monetary policy meeting, held in November, central bankers discussed whether it would be appropriate to slow the rate of interest rate hikes from November. In its last four monetary policy meetings, the Fed has raised the price of money by 75 basis points in a row.