U.S. Consumer Prices Rise by Most Since 2012

The transcript discusses the recent changes in the Consumer Price Index (CPI) and core inflation, highlighting a higher-than-expected increase. It explains the impact of the pandemic on price changes, noting a significant drop last year and a rebound this year. The discussion includes market expectations and consumer concerns about inflation, particularly regarding grocery costs. The analysis concludes with a focus on food inflation, which has remained relatively stable over the past year.

What was the month-over-month increase in the CPI that was reported?

• 2/10

• 3/10

• 6/10

• 4/10

How did the CPI headline number change on a year-over-year basis?

• It decreased by 1%

• It remained the same

• It increased by almost a full percentage point

• It increased by half a percentage point

What was a significant factor contributing to the current inflation trends?

• Pandemic-induced economic shutdown

• Rising oil prices

• Increased consumer spending

• Government policy changes

What is the public's main concern regarding inflation?

• Rising housing costs

• Increasing grocery prices

• Increasing healthcare expenses

• Higher transportation costs

How much did food inflation change over the past year?

• It increased by 1%

• It decreased by 2%

• It increased by 5%

• It remained unchanged at 3.5%