Consumer Price Index Rises 0.5% in July, Matching Projections

The video discusses the Consumer Price Index (CPI) changes, highlighting a 0.5% monthly increase, maintaining a 5.4% year-over-year rate. Core CPI rose by 0.3%, lower than expected. Key components like food and energy showed significant changes, with food prices rising and energy up 23.8% year-over-year. Used car prices showed a notable slowdown. The equity market reacted positively, while bond yields showed minimal movement. Airfare prices declined, moving towards pre-pandemic levels.

What trends were observed in used cars and trucks prices?

What is the significance of the deceleration in prices mentioned in the text?