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?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!