U.S. Consumer Inflation Eased To 7.7% Over Past 12 Months

The video discusses the recent inflation report, highlighting a CPI of 7.7%, which is lower than expected. Core CPI also decreased, indicating a potential peak in inflation. Major contributors to inflation include shelter, gas, and food. Despite signs of improvement, the Federal Reserve is expected to continue interest rate hikes, with a likely increase in December. The report suggests a cautious optimism for future inflation trends.

What was the reported Consumer Price Index (CPI) for October?

• 7.7%

• 8.2%

• 7.9%

• 6.5%

Which components are excluded from the core CPI?

• Transportation and healthcare

• Education and clothing

• Food and energy

• Shelter and gas

What are the main contributors to inflation according to the report?

• Shelter, gas, and food

• Utilities, insurance, and travel

• Technology, healthcare, and education

• Transportation, clothing, and entertainment

What does the report suggest about the trend of inflation?

• Inflation is unpredictable

• Inflation is rising rapidly

• Inflation is falling slowly

• Inflation is stable

What is the Federal Reserve's likely action following the report?

• Increase interest rates

• Maintain current interest rates

• Eliminate interest rates

• Decrease interest rates