Question
Go to the Bureau of Labor Statistics webpage (bls.gov) and click on the inflation andprices tab on the left hand side. Choose consumer price index.
Go to the Bureau of Labor Statistics webpage (bls.gov) and click on the "inflation andprices" tab on the left hand side. Choose "consumer price index." Choose CPI Datathen databases. Choose "All Urban Consumers (Current Series).Choose the "toppicks" tab. Choose the first series, where it includes all items.You need to get the data for annual CPI from 1980-2019. Using the CPI numbers,calculate the inflation rate for each year (using the growth rate formula). Construct atime-series graph depicting the annual inflation rate for the U.S. 1981-2020.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started