U.S. Consumer Prices Surge in June, Topping All Estimates

The video discusses the recent rise in the Consumer Price Index (CPI) and core rate, highlighting significant increases in prices on a month-over-month and year-over-year basis. It examines specific sectors such as food, energy, gasoline, used cars, apparel, services, and shelter, noting their contributions to inflation. The video emphasizes the broader-based inflation and the potential concerns it raises.

What was the actual month-over-month increase in the CPI compared to the forecast?

• 0.9%

• 1.5%

• 1.0%

• 0.5%

Which category saw a 2.6% rise, contributing to inflation concerns?

• Energy

• Apparel

• Food

• Gasoline

By how much did used car prices increase?

• 8.5%

• 12.0%

• 10.5%

• 7.0%

What was the percentage increase in shelter costs?

• 0.3%

• 0.4%

• 0.6%

• 0.5%

What is the headline year-over-year CPI increase that might cause concern?

• 5.4%

• 4.5%

• 5.0%

• 6.0%