A news report says that falling oil prices pushed the CPI down 0.1 percent in a month
Question:
A news report says that falling oil prices pushed the CPI down 0.1 percent in a month in which energy prices fell 2.4 percent and the price of gasoline fell by 3.9 percent.
Given the further information that the weight on energy prices in the CPI is 8 percent, by how much would the CPI have changed in the month if energy prices had not changed?
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Because energy accounts for 8 percent of the CPI basket its fall ...View the full answer
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