U.S. Inflation Accelerates. CPI Gains 0.4% in August

The video discusses the latest economic data, focusing on the Consumer Price Index (CPI) and jobless claims in the United States. The CPI shows a month-on-month increase, indicating inflationary trends, while jobless claims are affected by recent hurricanes, complicating market predictions. The impact of Hurricane Harvey is evident in the rise of gasoline and housing prices, which the Federal Reserve will consider in its future decisions.

What impact did Hurricane Harvey have on gasoline prices?

What are the implications of the housing price rise mentioned in the text?