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3) In class, we examined Bureau of Labor Statistics (BLS) indexed CPI data fo CPl data is normally reported monthly. The index values for the

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3) In class, we examined Bureau of Labor Statistics (BLS) indexed CPI data fo CPl data is normally reported monthly. The index values for the seven months May'17-Nov '17 look like this: May 244.7 Jun 245.0 Jul 244.8 months May '17-Nov 17 look Aug 245.5 Sep 246.8 Oct 246.7 Nov 246.7 Using these data, answer the following questions What was the annualized rate of price increase observed during each of the following recent periods of time: a) The month of Nov? b) the two months Oct-Nov? c) The six months Jun-Nov? tho media and

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