U.S. Inflation Jumped 7.5% In The Past Year, A 40-Year High

The video discusses the latest inflation report, highlighting a 0.6% monthly and 7.5% annual increase, the highest since 1982. Key challenges include rising energy prices, housing shortages, and a chip shortage affecting car prices. The report's implications for future Fed interest rate decisions are also considered, emphasizing the ongoing economic recovery challenges post-pandemic.

What is the current annual rate of inflation according to the latest report?

• 5.6%

• 8.5%

• 6.5%

• 7.5%

Which factor is NOT mentioned as a contributor to the rising costs in the economy?

• Healthcare costs

• Energy prices

• Chip shortage

• Housing shortage

How have rental prices been affected by the housing market situation?

• They have fluctuated

• They have decreased

• They have remained stable

• They have increased

What is the Federal Reserve expected to do next month according to the report?

• Lower interest rates

• Raise interest rates

• Abolish interest rates

• Maintain current interest rates

What is a simpler way to describe the current economic situation?

• Everything is affordable

• Nothing is cheap

• Prices are stable

• Inflation is decreasing