The consumer price index (CPI) is an economic indicator that is a closely watched by many stakeholders

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Question:

The consumer price index (CPI) is an economic indicator that is a closely watched by many stakeholders in the economy. Visit the Statistics Canada website (www.statcan.gc.ca) find data on the Consumer Price Index, Annual Average, Not Seasonally Adjusted, and its major components for Canada for the period of 2019 - 2023.

Copy the data table from the Website and paste here.
Calculate the inflation rate for each of the eight main items between 2022 and 2023 using the formula you have learned in the class (show and explain all your calculations). Which item showed the highest rate of inflation from 2022 to 2023? Which item showed the lowest rate of inflation? Why? Explain your answer. [To find the reason, search Statistics Canada's website where they post the recent CPI figures or use your own observations]
Calculate the inflation rate for two special aggregates separately between 2022 and 2023 (show and explain all your calculations). Which of the two aggregates showed the highest rate of inflation? Which item showed the lowest rate of inflation? Why? Explain [The table that you have downloaded from Stat Can should include 8 regular items and 2 aggregates at the bottom of the table. If the aggregates are not listed on the tables as "special aggregates", then use All items excluding energy and All items excluding food and energy as 2 aggregates.
Looking at the CPI data for December 2022 and December 2023, explain how CPI and inflation has changed over the year. Explain if you observe any significant changes between December 2022 and December 2023 in the major components of CPI that you have reported above.Explain the detailed economic reasons for changes in 8 main items. Use the monthly data as well as any relevant recent news release. Note: CPI statistics are released monthly.
Links : https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610022201 https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000602