US Producer Prices Cool More Than Expected

US Producer Prices Cool More Than Expected

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses changes in producer prices, noting a half-percent drop in July, reducing the year-over-year rate from 11.3% to 9.8%. Core rates excluding food and energy rose less than forecasted. Revised jobless claims indicate a stronger labor market, easing inflation concerns. A significant drop in energy prices contributed to the overall decrease, while food inflation persists.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage drop in energy prices mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend in food inflation is indicated in the text?

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