U.S. Consumer Prices Fuel Inflation Concerns With a 0.6% Gain

The video discusses the Consumer Price Index (CPI) for May, which was stronger than expected. The month-over-month change was 0.6%, lower than the previous month's 0.8% but higher than the forecasted 0.5%. The core CPI rose by 0.7%, exceeding the forecast by 0.2%. The video also examines specific CPI components, noting a sharp rise in used car prices, stable food prices, and unchanged energy costs, with a seasonal adjustment in gasoline prices.

What was the percentage increase in used cars and trucks according to the CPI?

What trends were observed in food and energy prices in the latest CPI report?