U.S. Inflation Hit 8.3% In April But Slows From 40-Year High

The video discusses the latest inflation report, showing an 8.3% year-to-year increase in April, slightly lower than the previous month's 8.5%. Monthly inflation also decreased. Despite higher-than-expected numbers, it may indicate a peak in inflation. Key sectors affected include food, energy, and shelter, with rent prices notably impacted. The Biden administration prioritizes tackling inflation, with President Biden emphasizing its importance. The Federal Reserve will assess future reports to determine necessary actions to achieve a 2% inflation target.

What was the year-to-year inflation rate in April according to the latest report?

• 7.9%

• 8.3%

• 9.0%

• 8.5%

Which of the following sectors is NOT mentioned as being significantly impacted by inflation?

• Technology

• Food

• Shelter

• Energy

Why do food and energy prices have their own special index in inflation reports?

• They are not affected by inflation.

• They are less important than other sectors.

• They are incredibly volatile.

• They are always decreasing.

What is President Biden's stance on inflation according to the transcript?

• He is not concerned about it.

• He considers it a top domestic priority.

• He thinks it is not affecting Americans.

• He believes it will resolve on its own.

What is the target inflation rate that Fed officials aim to achieve?

• 3%

• 5%

• 4%

• 2%