1. One of the largest single influences on the level of interest rates is inflation. There are...

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1. One of the largest single influences on the level of interest rates is inflation. There are a number of sites that report inflation over time. Go to ftp://ftp.bls.gov/ pub/special requests/cpi/cpiai.txt and review the data available. Note that the last columns report various averages. Move these data into a spreadsheet using the method discussed in the Web exploration at the end of Chapter 1. What has the average rate of inflation been since 1950, 1960, 1970, 1980, and 1990? Which year had the lowest level of inflation? Which year had the highest level of inflation?

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