10.3 InflationInstructions: The table below shows the relative importance of components in the US Consumer Price Index. Study the table and answer the questions that follow. (Data source: United States Bureau of Labor Statistics ) 1 Items included in CPI Category weight (total = 100) Price in December 2013 Price in December 2014 Food and beverages 16.011 237 245 Housing 40.464 228 234 Apparel 3.595 126.5 124 Transportation 18.015 212.9 199.8 Medical care 6.308 427 439.8 Recreation 5.131 114.8 114.9 Education and communication 6.875 136.9 137.4 Other goods and services 3.60 404.1 410.6 1. Explain the importance of weighting categories in the Consumer Price Index.