Inflation JUST FLIPPED! Spark Ignites the Fire | How Your Home is Impacted

On July 18 2023, I said “on a month over month basis, we could start seeing increases”. Now it has happened as the favorable year over year effect is over.
US Core CPI posts the smallest back-to-back increases in two years, a key measure of consumer prices that signals a moderate rise in inflation. With a 0.2% increase in July, led by shelter, and decreases in the prices of used vehicles and airfares, the core consumer price index indicates underlying inflation trends. The core CPI rose modestly for a second month, reflecting the smallest consecutive gains in over two years, according to Bureau of Labor Statistics data. Economists view this core measure as a vital indicator of underlying inflation, showing the Federal Reserve's impact in taming inflation without sparking a recession. The overall annual CPI measure picked up slightly, the core CPI YoY stood at 4.7%, and the nation's highest interest rates in 22 years played a role in calming price pressures. Housing costs contributed to more than 90% of the overall CPI increase, while used-car prices fell, and airfares posted significant declines. American households faced increased costs for groceries, utilities, and gasoline, with auto insurance witnessing the most significant rise since 1976. While the Federal Reserve may leave rates unchanged in their next meeting, inflation remains above their target, posing challenges for monetary policy. The video delves into these trends, offering an in-depth analysis of the current inflation landscape, Federal Reserve's role, and the broader economic situation. #CPI #inflation #FederalReserve #consumerprices #economy

TOPICS AND TIMESTAMPS:
Inflation News 0:00
Consumer 7:26
Money Supply 10:50

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#money #inflation #investing