Question: Web-based exercise. If you like data, you can go to the BLS data page, www.bls.gov/cpi/home.htm, and under Get Detailed CPI Statistics choose Average Price Data,

Web-based exercise. If you like data, you can go to the BLS data page, www.bls.gov/cpi/home.htm, and under “Get Detailed CPI Statistics”

choose “Average Price Data,” and see for yourself how the prices of such things as white bread and gasoline have changed over time. How does the current price of white bread compare with the price 10 years ago?

20 years ago?

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