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According to the Bureau of Labor Statistics website (http://www.bls.gov), the average nominal price of ice cream was as follows in the years 1980, 1990, and
According to the Bureau of Labor Statistics website (http://www.bls.gov), the average nominal price of ice cream was as follows in the years 1980, 1990, and 2000: Nominal Price CPI Year of Ice Cream (base year=1983) 1980 1.82 82.4 1990 2.60 130.7 2000 3.45 172.2 Did the real price of ice cream go up or down between 1980 and 2000? it went down by 8.5% it went down by 9.5% it went up by 9.5% it went up by 8.5%
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