January 2024 Consumer Price Index (CPI) Report Quiz

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%

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

• 0.3%

• 0.4%

• 0.6%

• 0.2%

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%

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

• 3.4%

• 3.9%

• 3.1%

• 2%

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%

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

• 6%

• 60%

• 16%

• 66%

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

• March

• April

• June

• May