Washington - (AFP) - Inflation slowed in the United States , with its decline in October to its lowest level since January 2022, proving that the measures taken by the Central Bank are beginning to bear fruit, although the rate is still at a level very high.

Consumer prices increased by 7.7% in October compared to October 2021, according to the reference consumer price index published by the Ministry of Labor on Thursday.

This increase is less than that recorded in September on an annual basis, when it amounted to 8.2% at the time. It is also lower than the 7.9% expected by analysts, according to Market Watch.

Compared to the previous month, prices increased by only 0.4 percent. This is the same increase recorded between August and September, which is a good surprise, since analysts were expecting a new acceleration of inflation by 0.6%.

Rising prices was one of the main themes of the campaign for Tuesday's midterm elections.

This slowdown may be an indication that the measures taken by the US Federal Reserve to curb inflation are beginning to bear fruit. The central bank seeks to fabricate a voluntary slowdown in US economic activity, by raising interest rates, which would discourage household consumption and relieve pressure on prices.

As a result, the New York Stock Exchange opened Thursday's sessions higher. The Dow Jones rose by 2.40% and the Nasdaq jumped by 4.84%.

And due to the results of the Senate elections that were not settled on Wednesday, the Dow Jones recorded a decline of 1.95% to 32513.94 points, while the Nasdaq lost 2.48%, down to 10353.17 points, as well as the S&P 500 (S&P 500) by 2. 08% at 3748.57 points.