US Inflation Cools More Than Forecast as Gasoline Price Drops

The video discusses the Consumer Price Index (CPI) changes, highlighting a flat month-over-month CPI, a drop from 1.3% in June, and a core CPI increase of 0.3%, which was better than forecasted. Year-over-year, the CPI is at 8.5%, down from 9.1% last month, with the core CPI remaining at 5.9%. The expected rise to 6.1% did not occur, which is positive news for the Bureau of Labor Statistics, the White House, and the Federal Reserve.

What was the month-over-month change in CPI?

• It decreased by 0.5%

• It increased by 0.3%

• It remained flat

• It increased by 1.3%

How did the core inflation change compared to the forecast?

• It was higher than forecasted

• It was not mentioned

• It was lower than forecasted

• It matched the forecast

What was the year-over-year CPI in the latest report?

• 5.9%

• 8.5%

• 8.7%

• 9.1%

What was the expectation for core inflation on a year-over-year basis?

• It would increase to 7.0%

• It would increase to 6.1%

• It would remain at 5.9%

• It would decrease to 5.5%

Who is likely to be pleased with the latest inflation report?

• The general public

• The Bureau of Labor Statistics, the White House, and the Fed

• Only the Federal Reserve

• Only the White House