Consumer Price Index Rises 0.5% in July, Matching Projections

The video discusses the Consumer Price Index (CPI) changes, highlighting a 0.5% monthly increase, maintaining a 5.4% year-over-year rate. Core CPI rose by 0.3%, lower than expected. Key components like food and energy showed significant changes, with food prices rising and energy up 23.8% year-over-year. Used car prices showed a notable slowdown. The equity market reacted positively, while bond yields showed minimal movement. Airfare prices declined, moving towards pre-pandemic levels.

What was the year-over-year rate of the overall CPI mentioned in the video?

• 5.4%

• 4.5%

• 5.3%

• 3.0%

Which component of the CPI saw a significant change, rising only 2/10 of 1% in June?

• Food

• Energy

• Used cars and trucks

• Apparel

What was the percentage increase in food away from home in the latest report?

• 7/10%

• 8/10%

• 9/10%

• 10/10%

How did the S&P 500 react to the CPI data?

• It advanced by 0.25%

• It declined by 0.15%

• It remained unchanged

• It advanced by 0.15%

What was the change in airline fares after the recent CPI report?

• Increased by 2.7%

• Decreased by 1/10%

• Increased by 1/10%

• Decreased by 2.7%