Question: Hello Tutor I need help on making a chart for this thank you! My chosen macroeconomic data type: Inflation Measurable definition: The inflation is measured

Hello Tutor I need help on making a chart for this thank you!

My chosen macroeconomic data type:Inflation

Measurable definition:The inflation is measured by the consumer price index ,which calculates the average price of a basket of all consumer goods and services. According to the U.S. BUREAU OF LABOR STATISTICS, U.S inflation in U.S. is 1.3 % in August 2020.

Current numerical value (and date):It is 1.3% as of August 2020.

Recent trend:The CPI increased by 0.4% in August 2020 ,and the main reason for inflation increase is the price of used cars and trucks ,which is 5.4%, and gasoline price ,which is 2%. The CPI shows a recovery in the economy as inflation rises by 0.4% in August 2020 ,which is less than the 0.6% rise in inflation in July 2020.

Article title: Car buyers, gas push US inflation upward in August 2020.

Author name: AGENCE FRANCE-PRESSE

Publication source: AGENCE FRANCE-PRESSE

Article date: 11-Sep-2020

URL: https://www.rappler.com/business/inflation-rate-united-states-august-2020

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