a. Talk about the CPI table below and discuss the financial tools we can use to hedge against inflation (as mentioned in cass or google it). CPI and core CPI % change vs. prior year, seasonally adjusted 15% Recession 12% Headline CPI Core CPI Food CPI Energy CPI Headline PCE deflator Core PCE deflator 50-yr. avg. 3.9% 3.8% 3.9% 4.5% 3.4% 3.3% Jul. 2021 Aug. 2021 5.3% 5.2% 4.2% 4.0% 3.4% 3.7% 23.6% 24.9% 4.2% 4.3% 3.6% 3.6% 9% o 6% 3% 0% -3% '71 73 '75 77 '79 "81 83 '85 '87 '89 '91 93 '95 '97 '99 '01 '03 '05 '07 09 '11 '13 '15 '17 "19"21 11 1 1 1 1 1 1 1