A

This is the link for the answers- (http://www.bls.gov/news.release/cpi.toc.htm)

1. What month (and year) is summarized? What was the level of the CPIU for that

month? (See Table 1 Consumer Price Index for All Urban Consumers). What does

this number represent?

2. What was the rate of inflation (percentage change in the CPIU) for the last

available month? How does that rate of inflation compare with the rate in the

previous month?

3. What was the rate of inflation (percentage change in the CPIU) for the last 12

months for all items?

4. Which two categories of goods or services had the greatest price increase for the

last 12 months? Which two categories of goods or services had the lowest price

increase for the last 12 months?

5. Which two categories of goods or services had the largest price decrease for the

last 12 months?

6. Who loses from inflation?

7. Who benefits from inflation?

8. Please analyze and discuss the significance of the data that you received

for this Data Exercise.

9. Reflect on what you have learned from this exercise