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hey everyone economic analysts here in this video im going to go over the recent consumer price index report and go over the top line numbers as well as delve into the details as whats been contributing to consumer prices in recent months so for july the consumer price index report came out right on schedule as i predicted flat month over month change at 0.0 percent so if youve been watching my videos when i produced the producer price index report video for june of this past year i indicated that based off of the fuel prices coming down and based off of final demand numbers that we were going to be looking at point zero percent monthly change which would bring the annual uh change of inflation down to eight and a half percent thats precisely what we saw and so just to recap on how i was able to do this was is that ive added this fuel component into the final demand model realizing that dropping fuel prices will be more readily engaged into consumer prices a whole lot quicker tha
