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Go to FRED to obtain inflation rates measured as the percent change in the CPI. Use the code: CPIAUCSL. Click the button EDIT GRAPH. Under

  1. Go to FRED to obtain inflation rates measured as the percent change in the CPI. Use the code: CPIAUCSL. Click the button EDIT GRAPH. Under Units, click Percent Change from Year Ago.
  2. What was the inflation rate in February 2020, the month before the last recession? 

  3. What was the highest inflation rate between February 2020 and June 2023? 

  4. What caused the inflation rate to rise from where it was in February 2020? 

  5.  What are the two most recent inflation rates, that is, for May 2023 and June 2023? 

  6. Did prices rise during June 2023? 
  7. Why is the inflation rate falling from where it was a year ago? 

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