U.S. Consumer Prices Soared 7% In Past Year, Most Since 1982

The video discusses the significant rise in prices across various sectors, highlighting a 7% inflation rate over the past year, the highest in 40 years. It focuses on the impact in Missoula, Montana, where residents and businesses face challenges due to increased costs in essentials like food, gas, and housing. The video explores the complex causes of inflation, including supply chain issues and corporate profit margins, and emphasizes the widespread economic impact on both local communities and businesses.

What was the percentage increase in inflation over the past year, as reported in the consumer price index?

• 7%

• 8%

• 6%

• 5%

Which of the following items experienced a slight price dip in December, according to the report from Missoula?

• Fresh Produce

• Lumber

• Gasoline

• Clothing

What is one of the challenges faced by businesses in Missoula due to rising prices?

• Lower customer turnout

• Decreased competition

• Increased demand for products

• Difficulty in sourcing supplies

What is a significant concern expressed by Montanans regarding large US corporations during the inflation period?

• Lower product quality

• Decreased employment rates

• Increased foreign investments

• Higher profit margins

What is one of the reasons mentioned for the difficulty in reducing prices back to normal levels?

• Government regulations

• Lack of consumer interest

• Technological advancements

• Complex underlying problems