High School

According to class materials, which is true about the CPI in the USA in July 2022 ? It increased from June to July 2022, but was constant overall from July 2021 to July 2022. The price of housing remained roughly constant since June 2022. It kept rising, but at a slower rate than in the previous two months. The price of gasoline fell significantly since June 2022.

Answer :

The course materials state that the USA's Consumer Price Index (CPI) increased from June to July 2022. Overall, it did not change from July 2021 to July 2022.

This shows that despite the short-term gain, there was little change in the long-term trend throughout the course of that year. On the other side, the price of housing has been fairly stable since June 2022, showing that there hasn't been a significant movement in housing costs during that time. The course materials also state that although the CPI continued to rise, it did so more slowly than it had in the prior two months. This implies that although inflation persisted, it was happening more gradually. Lastly, the cost of petrol has drastically decreased since

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https://brainly.com/question/30514977

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