US Inflation Soars to 9.1%, Topping Forecasts

US Inflation Soars to 9.1%, Topping Forecasts

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the rise in energy prices and its impact on inflation, with a headline inflation rate of 9.1%. Core inflation remains high, indicating persistent inflationary momentum. Gasoline prices significantly contribute to inflation, with a 59.9% increase over the year. Food prices have plateaued, while apparel and car prices continue to rise. The video concludes that many inflation contributors are not transitory, although airline fares may have peaked.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage increase in gasoline prices during June?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend was observed in used car prices according to the text?

Evaluate responses using AI:

OFF