US Inflation Cools More Than Forecast as Gasoline Price Drops

The video discusses the Consumer Price Index (CPI) changes, highlighting a flat month-over-month CPI, a drop from 1.3% in June, and a core CPI increase of 0.3%, which was better than forecasted. Year-over-year, the CPI is at 8.5%, down from 9.1% last month, with the core CPI remaining at 5.9%. The expected rise to 6.1% did not occur, which is positive news for the Bureau of Labor Statistics, the White House, and the Federal Reserve.

How did the CPI change from last month to the current month?

What implications does the current CPI report have for the Bureau of Labor Statistics and the White House?