U.S. Consumer Price Index Sees Largest Jump Since 2008

The transcript discusses a significant economic spike, the sharpest in 12 months since 2008, as reported by the Labor Department. It highlights price increases across various sectors, including food, restaurants, apparel, gas, and transportation services. Notably, used vehicle prices saw a historic rise of 10.5% over the previous month.

What was the most significant economic change reported in the past year?

• The sharpest 12-month spike since 2008

• A decrease in food prices

• A reduction in transportation costs

• A decline in apparel prices

Which department reported the recent economic numbers?

• The Department of Agriculture

• The Department of Commerce

• The Treasury Department

• The Labor Department

Which of the following sectors did NOT see a price increase?

• None of the above

• Apparel

• Restaurants

• Food

What was the percentage increase in used vehicle prices over the prior month?

• 5.5%

• 8.5%

• 10.5%

• 12.5%

Which sector experienced the most significant price increase?

• Gas

• Transportation services

• Used vehicles

• Apparel