Tennessee To Suspend Grocery Tax For A Month To Curb Inflation

The video discusses the current economic challenges, focusing on record inflation rates and their impact on individuals and families. It highlights government measures like tax freezes and subsidies to alleviate the burden. Economist Mike Bailey identifies energy, transport, and housing as key drivers of price hikes. The video concludes with a discussion on potential solutions and the temporary nature of some government interventions.

What is the inflation rate mentioned in the video, and how does it compare to historical levels?

• 9.1%, the highest since the 60s

• 8.5%, the highest since the early 80s

• 7.2%, the highest since the 90s

• 6.3%, the highest since the 70s

Which state is considering a property tax subsidy as a measure against inflation?

• Tennessee

• Pennsylvania

• Minnesota

• California

How does Edward Mitchell manage his grocery expenses amid rising prices?

• By reducing the quantity of groceries

• By visiting multiple stores for better deals

• By buying in bulk from a single store

• By shopping at high-end stores

According to economist Mike Bailey, what is NOT one of the core drivers of price hikes?

• Healthcare

• Housing

• Goods transportation

• Energy

What is the proposed duration for the temporary tax freeze in Tennessee?

• One month

• One year

• Three months

• Six months