Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consumer Price Index, Annual Average, Not Seasonally Adjusted, and its major components for Canada for the period of 2016 - 2020. Products and product groups4

Consumer Price Index, Annual Average, Not Seasonally Adjusted, and its major components for Canada for the period of 2016 - 2020.

Products and product groups4 2016 2017 2018 2019 2020

2002=100

All-items 128.4 130.4 133.4 136 137

Food5 142.6 142.7 145.3 150.2 153.7

Shelter6 135.8 138.1 140.9 144.5 147

Household operations, furnishings and equipment 121.7 121.9 123.2 123.6 123.8

Clothing and footwear 94.4 93.7 94.5 96.1 94.4

Transportation 127.9 132.9 139.1 141.5 141.2

Gasoline 144.2 161.2 181.5 170.5 146.7

Health and personal care 122.2 124.3 125.9 127.4 129.2

Recreation, education and reading 111.3 114 115.3 116.8 115.7

Alcoholic beverages, tobacco prod& recreational cannabis156.8 161.1 167.9 171.1 171.9

All-items excluding food and energy7 123.5 125.5 127.9 130.5 132

All-items excluding energy7 126.9 128.5 131 134 135.8

Energy7 145 152.7 162.9 159.3 147.2

Goods8 117.9 118.9 121.1 122.7 122.5

Services9 138.9 142 145.8 149.2 151.3

Hello Above I have provided the information I need to learn how to:

a.Calculate the inflation rate for each of the eight main items between 2019 and 2020 ( can you please explain the calculations) Which item showed the highest rate of inflation from 2019 to 2020?Which item showed the lowest rate of inflation?Why? please explain answer.

b. How to calculate the inflation rate for two special aggregates separately between 2019 and 2020 (please show and explain all the calculations). Which of the two aggregates showed the highest rate of inflation? Which item showed the lowest rate of inflation? Why? Please explain .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Jeffrey F Beatty, Susan S Samuelson

3rd Edition

0324537123, 9780324537123

More Books

Students also viewed these Economics questions

Question

Find the x-intercept and the y-intercept of each line. y = -4x + 8

Answered: 1 week ago

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago