CPI Report: https://www.bls.gov/cpi/news.htm PPI:https://www.bls.gov/ppi/news.htm E. Using the most recent data from theCPI and PPI reports, determine the following:

1. What was the inflation rate for all items?
2. What were the monthly annualized inflation or deflation rates for Apparel and Gasoline?
3. Compare the most recent year-over-year overall inflation rate with the year-over-year Core inflation rate and explain any discrepancy?
4. Based on the annualized monthly inflation rate, how much more would a typical consumer that spends $10,000 a year on the CPI basket have to spend a year later because of inflation?
5. What was the actual CPI index in the most recent month for all goods? Based on this number how much did prices increase from the base years?
6. Determine the monthly inflation rate for total final demand goods/services that producers like Walmart buy. Based on this rate and assuming they purchase an average of $10,000,000 per month in inventories, how much more or less will they spend from the start to the end of the month?
7. Based on the most recent PPI, would you anticipate inflation of deflation in the CPI?