US Core Inflation Cools More Than Forecast

The video discusses the latest CPI report, highlighting a decrease in both headline and core numbers compared to forecasts. It examines the composition of the CPI, noting significant changes in categories like gasoline, used cars, and shelter costs. The report also touches on the rising costs of services and fuel oil, with a specific mention of the impact on New England's winter heating costs.

What was the unexpected aspect of the recent economic report compared to the last six or seven months?

• The numbers were stronger than expected.

• The numbers were lower than expected.

• The numbers were not released.

• The numbers were exactly as expected.

Which category saw a significant price decline in the recent report?

• Shelter costs

• Motor vehicle insurance

• Gasoline

• Used cars

What was the percentage increase in gasoline prices according to the report?

• 2.4%

• 19.8%

• 4.4%

• 7.7%

Which cost category continued to rise, contributing to the overall increase in service costs?

• Airline fares

• Motor vehicle insurance

• Apparel

• Used cars

What is the expected impact of rising fuel oil prices in New England?

• A mild winter

• A long cold winter

• A decrease in heating costs

• An increase in Red Sox ticket sales