Question: Using the link below I need to answer the following questions https://www.bls.gov/news.release/cpi.nr0.htm What month (and year) is summarized? What was the level of the CPIU
Using the link below I need to answer the following questions
https://www.bls.gov/news.release/cpi.nr0.htm
What month (and year) is summarized? What was
the level of the CPIU for that month? (See Table A "Consumer Price Index for All Urban Consumers"). What does this number represent?
What was the rate of inflation (percentage change in the CPIU) for the last available
month? How does that rate of inflation compare with the rate in the previous month?
What was the rate of inflation (percentage change in the CPIU) for the last 12 months for
"all items"?
Which two categories of goods or services had the greatest price increase for the last 12
months? Which two categories of goods or services had the lowest price increase for the
last 12 months?
Which two categories of goods or services had the largest price decrease for the last 12
months?
Who loses from inflation?
Who benefits from inflation?
What is the significance of this data?
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