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U.S. Consumer Prices Surge in June, Topping All Estimates

U.S. Consumer Prices Surge in June, Topping All Estimates

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the recent rise in the Consumer Price Index (CPI) and core rate, highlighting significant increases in prices on a month-over-month and year-over-year basis. It examines specific sectors such as food, energy, gasoline, used cars, apparel, services, and shelter, noting their contributions to inflation. The video emphasizes the broader-based inflation and the potential concerns it raises.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the actual month-over-month increase in the CPI compared to the forecast?

0.9%

1.5%

1.0%

0.5%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which category saw a 2.6% rise, contributing to inflation concerns?

Energy

Apparel

Food

Gasoline

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much did used car prices increase?

8.5%

12.0%

10.5%

7.0%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the percentage increase in shelter costs?

0.3%

0.4%

0.6%

0.5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the headline year-over-year CPI increase that might cause concern?

5.4%

4.5%

5.0%

6.0%

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