3. What is the current U.S. inflation rate?

Visit the Bureau of Labor Statistics Web Site,www.bls.gov/news.release/cpi.toc.htm, and select "Consumer Price Index Summary."

a. What month (and year) is summarized?

June 2022

b. What was the CPI-U for the month?

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June

c. What was the rate of inflation (change in the CPI-U) for the month?

d. How does that rate of inflation compare with the rate for the previous month?

e. Which two categories of goods or services had the greatest price increases for the month?

f. Which two had the lowest price increases (or greatest price decreases) for the month?

PLEASE SHOW CALCULATIONS.