To explore the concept of the Consumer Price Index (CPI), examine the chart at the top of

Question:

To explore the concept of the Consumer Price Index (CPI), examine the chart at the top of this web page: www.bls.gov/cpi/home.htm. Click on the “Food” column in the graph. Keep clicking on items within the food category to go deeper. First, discuss what you find. Second, what does the Consumer Price Index capture, and how can it be used?

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