The U.S. CPI fell 0.1 percent in December 2015. The price of gasoline fell by 3.9 percent.
Question:
The U.S. CPI fell 0.1 percent in December 2015. The price of gasoline fell by 3.9 percent. Rents increased 0.2 percent, and medical care costs increased 0.1 percent.
Did the United States experience inflation or deflation in December 2015? Which of the items mentioned in the news clip has the highest weight in the CPI and which has the lowest weight?
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Deflation occurs when the CPI falls The CPI fell by 01 percent in December 20...View the full answer
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