U.S. Inflation Climbs to 40-Year High at 7.9% in February

The video discusses the rise in inflation rates, highlighting an 8-tenths increase in February, leading to a 7.9% annual rate, the highest since 1982. It covers the core rate increase, the impact of the Ukraine war, and significant price changes in gasoline and food. Used car prices show a rare decline, while service prices rise, indicating economic shifts as COVID lockdowns end.

What was the annual inflation rate in February, and how does it compare historically?

• 7.9%, the highest since January 1982

• 6.4%, the highest since January 1982

• 7.9%, the highest since January 1990

• 6.4%, the highest since January 1990

Which event in February is not fully reflected in the inflation data?

• The end of the COVID lockdowns

• The start of the COVID-19 pandemic

• The U.S. presidential election

• The beginning of the war in Ukraine

Which two categories were major contributors to the inflation increase?

• Gasoline and food prices

• Housing and healthcare costs

• Travel and entertainment costs

• Technology and education expenses

What unusual trend was observed in the used car market?

• Prices remained stable

• Prices decreased by 2/10 of a percent

• Prices increased by 1%

• Prices increased by 2/10 of a percent

What does the increase in service prices suggest?

• A decrease in consumer demand

• An increase in service price pressures

• A stabilization of the economy

• A decrease in inflation