help to respond for those person

Person 1:

After reading the News Releases section, it is said that in August the CPI for all urban consumers had increase 0.1%. There can be many reasons that causes an increase in CPI, but in this case there was a large increase of shelter and food. It was mentioned that shelter and food increased so much because of the rapid decline of gasoline. I've realized many things correspond with each other creating a chain effect. There will always be varying prices throughout the economy, but when prices seem to be constantly rising it can negatively effect the economy. For the inflation calculator, I started with $19 in June of 2003 and it said it equals $30.65 in June of 2022. Next I did $100 in August of 1980 and it equals to $355.55 in August of 2022. Lastly, I did $50 in May of 1995 which is $96.02 in May of 2022. The one that shocked me the most was the 1980 to 2022 because this clearly shows how much the dollar has changed. Inflation has come a long way and it is crazy to think 100 dollars back then equals $355 today. Prices have fluctuated so much and I predict it will only get worse and worse.

Person 2:

The Consumer Price Index reflects the general change in prices paid by consumers across the board for goods and services. The most recent report, August 2022, shows that the CPI rose by 0.1%. There was a large decline in gas (over 10%) and as a result energy also fell 5%. But that was offset by measures of shelter, food, and medical care costs and spending which all increased. Because this was just considering month by month changes and nothing dramatic has changed in our lives, I did not expect there to be significant change in the CPI, so this 0.1% increase doesn't really surprise me. It's so close to zero. If the pandemic took a bad turn or the war in Ukraine escalated tremendously, then maybe I would expect omre of a change and be shocked by little change. But that did not happen in recent months.

I looked at the value of $1000 over the last 20 years and was so surprised. For the first 10 years the buying power of $1000 increased at a slow rate. This is good and shows the economy was steady and strong. In 2012 the purchasing power of $1000 had grown to about $1200. But then in the next 10 years it grew tremendously in comparison. This is in large part due to the pandemic. Currently the purchasing power of $1000 is almost $1700, $700 more than in 2002. I'm not surprised because our economy has gone through a lot and the pandemic was so tough. But it's disappointing and frustrating because these are hard economic times now.