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 inflation rate on a headline basis during February?

What was the core rate increase for the month, and what does it indicate?

How did gasoline prices change during the reported period?

What was the change in food prices during the same period?

What trend was observed in used car prices, and what might it suggest?