January 2024 Consumer Price Index (CPI) Report Quiz

January 2024 Consumer Price Index (CPI) Report Quiz

12th Grade

7 Qs

quiz-placeholder

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January 2024 Consumer Price Index (CPI) Report Quiz

January 2024 Consumer Price Index (CPI) Report Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Hard

Created by

Natalie Harmon

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the peak inflation rate in the latter half of 2022 according to the January 2024 Consumer Price Index (CPI) report?

3.4%

3.9%

9.1%

2%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the CPI-U increase in January 2024 on a seasonally adjusted basis?

0.3%

0.4%

0.6%

0.2%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much did the shelter index surge in January, significantly contributing to over two-thirds of the month's total increase in all items?

0.3%

0.4%

0.6%

0.9%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the year-over-year CPI acceleration for the 12 months ending in January?

3.4%

3.9%

3.1%

2%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the market expectation for the CPI before the actual year-over-year CPI acceleration was reported?

3.4%

3.9%

3.1%

3.7%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the likelihood of a March rate cut by the Fed, as mentioned in the report?

6%

60%

16%

66%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the report, when could a possible Fed rate cut occur?

March

April

June

May