Inflation cools for 12th straight month
The Excerpt
USA TODAY
4.1 • 1.2K Ratings
🗓️ 13 July 2023
⏱️ 14 minutes
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Summary
Inflation keeps cooling off. USA TODAY Economic Opportunity Reporter Charisse Jones explains what that means for the economy.
A NATO summit wraps up in Lithuania, without a formal invitation for Ukraine membership.
USA TODAY Justice Department Correspondent Bart Jansen breaks down FBI Director Christopher Wray's grilling by the House GOP.
SCOTUS takes up a Second Amendment restraining order case.
Women return to the post-pandemic workforce in record numbers.
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Transcript
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| 0:00.0 | Good morning, I'm Taylor Wilson, and this is five things you need to know Thursday, |
| 0:07.2 | the 13th of July, 2023. |
| 0:11.4 | Today, inflation cools off. |
| 0:23.1 | What's that mean for your wallet? |
| 0:25.0 | Plus a NATO summit wraps up without clear answers for Ukraine on membership. |
| 0:29.9 | And the FBI director tangles with the House GOP in a tense hearing. |
| 0:41.8 | Inflation cooled down again last month, according to the Consumer Price Index, or CPI, out |
| 0:47.9 | yesterday. |
| 0:48.9 | I spoke with USA Today Economic Opportunity Reporter Sharice Jones about the report's findings |
| 0:55.0 | and what they tell us for the rest of the year's economic outlook. |
| 0:58.9 | Thanks for having on five things, Sharice. |
| 1:00.8 | No worries. |
| 1:02.1 | So the CPI came out yesterday. |
| 1:04.9 | Can you remind us what it is and how does this month's report impact consumers? |
| 1:09.6 | The CPI is the Consumer Price Index, which is basically a gauge or a measure of a basket |
| 1:17.0 | of services and products, goods that federal officials look at to get an idea of how price |
| 1:25.0 | increases are pacing. |
| 1:27.8 | Are prices going up? |
| 1:28.8 | Are they dropping? |
| 1:29.8 | Are they staying the same? |
| 1:31.6 | The good news is that the June report shows that inflation dropped to 3%, right? |
| 1:40.0 | And so basically prices are still going up, but they're going up at a slower pace. |
... |
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