US August Consumer Price Index Tops Forecasts

The video discusses the inflation rates for August, highlighting a rise in the headline number to 8.3% year-over-year, slightly above the forecast of 8.1%. Core inflation also increased, doubling last month's rate and exceeding expectations. Despite some bad news on inflation, the Federal Reserve is expected to proceed with a 75 basis point rate hike. The video further analyzes price changes in food, energy, automobiles, and shelter, noting significant shifts in gasoline and rent costs. Overall, the video emphasizes that inflation is not yet under control, and the Fed has more work to do.

What was the year-over-year rate for the headline number in August?

• 8.1%

• 8.3%

• 6.1%

• 6.3%

How much did the core inflation rate rise in August?

• 0.3%

• 0.6%

• 0.1%

• 1.0%

Which category saw a significant decrease in prices, contributing to inflation changes?

• Shelter

• Gasoline

• New cars

• Food

What was the year-over-year increase in shelter costs?

• 5.9%

• 6.2%

• 7.0%

• 8.3%

What is the expected action by the Federal Reserve in response to the current inflation trends?

• A 75 basis point move

• No change in policy

• A 25 basis point move

• A 50 basis point move