Homework: Ch 7 Crunch the Numbers Exercise 1 Save Score: 0 of 1 pt 10f 1 (0 complete) HW Score: 0%, 0 of 1 pf CTN 7.1 Question Help Updating Salary Survey Data As a newly hired compensation analyst, you've been asked by the Director of Compensation to assist with the preparation of next year's compensation plan for accounting jobs. The period for the compensation plan is January 1-December 31, 2018. Your assignment is to update salary survey data using the CPI-U to estimate new salary information. Also, assume that it is July 1, 2017, and you have been asked to submit your analysis within the next two days. The salary survey data were current through the end of 2016, and the initial average salary reported for accountant jobs in the survey was $50,000. The salary data will be 12 and 24 months old at the pay plan's implementation (on January 1, 2018) and end (December 31, 2018), respectively. You have been provided with national CPI-U data, which were obtained from the U.S. Bureau of Labor Statistics website. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 232.84 233.32 233.80 234.18 233.71 233.52 233.59 234.91 236.01 236.63 236.24 236.22 2013 236.67 237.93 237.28 236.79 236.89 237.44 237.90 238.45 238.54 238.66 239.10 239.71 2014 240.34 240.52 240.95 241.46 241.86 242.18 242.48 242.43 242.45 242.44 242.04 241.27 2015 239.83 240.27 240.95 241.16 241.95 242.61 242.99 242.98 242.46 242.76 243.07 242.82 2016 242.99 242.53 243.02 243.84 244.43 245.07 245.05 245.56 246.01 246.66 247.08 247.78 2017 249.02 249.10 248.71 249.08 248.91 249.03 The percent change in the cost of goods and services between December 2016 and June 2017 is % (Round your answers to the nearest hundredths place.)