A Consumer Price Index {CPI} is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. It basically tells us the changes in prices over time (Le. ination). What does the following graph tell us. [Select all the apply] 12-month percentage change, Consumer Price Index, selected categories, June 2020, not seasonally adjusted Click on columns to drill down Major categories Percent ?.5 2.5 0.0 -r'.b 10.0 1?.5 lS.U All items Food Energy All items less food and energy Source U.S. Bureau of Label Statistlcs. I I D Food prices have been increasing over the past year B Energy prices have been decreasing over the past year D All items have been increasing in prices over the year D Apparel prices have been increasing over the past year D Used cars and trucks have been decreasing in price over the past year. A Consumer Price Index (CPI) is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. It basically tells us the changes in prices over time (i.e. inflation). What does the following graph tell us. [Select all the apply] 12-month percentage change, Consumer Price Index, selected categories, June 2020 Apparel New vehicles Used cars and trucks Medical care commodities Alcoholic beverages Tobacco and smoking products 8% 6% -4% -2% 0% 2% 4% 6% Hover over chart to view data. Source: U.S. Bureau of Labor Statistics. O Now may be a good time to buy clothing or a new/used car. O Medical care is increasing in prices People are spending more on alcohol and tobacco/smoking products. O We all just want to have a good time