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 month-over-month change in the Consumer Price Index (CPI)?

What was the forecast for the core rate of inflation?

What significant price increase was noted in gasoline prices?

How much did shelter prices increase compared to the prior month?

What is the headline inflation number mentioned in the text?