Washington. In the United States, basic inflation rose 2.9 percent in July, the highest level since February this year. This is according to data released by the US Department of Economic Analysis on Friday.

A fundamental price increase refers to a change in the prices of the remaining goods and services by removing daily fluctuations such as food and fuel. Compared to June, this rate has increased by 0.3 percent, which is in line with the estimates of economic experts.

According to local media reports, the rate of interest on loans is likely to come down in September as the pace of price rise has been relatively slow.

According to the Consumption Expenditure Price Index, which is the main indicator for assessing economic conditions in the United States, it measures the value of goods and services purchased on behalf of citizens living in the United States or on their behalf.