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. Utilizethe graphing tips discussed in class.
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