US Inflation Hits 40-Year High of 8.6%

The transcript discusses the rise in the Consumer Price Index (CPI) and inflation rates for May, highlighting significant increases in core inflation and energy prices. It examines the market's reaction, including the impact on indices like NASDAQ and S&P, and the role of energy in driving inflation. The discussion also covers real estate's contribution to CPI and the Fed's response. Finally, it addresses changes in consumer behavior due to inflation, particularly in spending on essentials versus non-essentials.

What was the Consumer Price Index (CPI) increase for the month of May?

How does the core inflation rate for May compare to the previous month?

What was the year-over-year increase in gasoline prices as of May?

What percentage increase was observed in food prices for May?

What was the reported change in the equity market following the inflation report?

What was the impact of the inflation report on the Dow Jones Industrial Average?

How did the core inflation rate's increase relate to the headline inflation rate?