Inflation Hotter Than Expected as Consumer Prices Surge

The video discusses the unexpected rise in CPI and inflation rates, analyzing their impact on the market, particularly the NASDAQ and S&P 500. It highlights changes in energy and consumer prices, such as gasoline and used cars, and examines the effect of inflation on wages and the broader economy.

What was the unexpected change in the Consumer Price Index (CPI) on a month-over-month basis?

• 0.2%

• 0.8%

• 1.0%

• 0.5%

How did the NASDAQ react to the inflation data?

• It increased slightly

• It decreased significantly

• It remained unchanged

• It increased by 2%

Which component of inflation saw a 10% increase on the month?

• Used cars

• Apparel

• New vehicles

• Gasoline

What was the change in energy prices during the month?

• Increased by 1.3%

• Decreased by 1.4%

• Increased by 0.5%

• Decreased by 0.1%

What was the impact of inflation on real average hourly earnings?

• Decreased by 1.4%

• Increased by 3.7%

• Decreased by 3.7%

• Increased by 1.4%