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If the eight categories comprising the overall CPI(the CPI for All Items ) were weightedequally, the values recorded above would make equal contributions to the

If the eight categories comprising the overall CPI(the CPI for All Items) were weightedequally, the values recorded above would make equal contributions to the overall index.However, the BLS gives housing a more significant weight than medical care. Morespecifically, the BLS weights housing at41.3% while medical care is weighted at only6.6%.

Complete the following table to show the contribution each of the increases recorded above actually make to the overall CPI. (Enter your responses rounded to one decimalplace.)

I'm not sure what they are asking me to provide and the formula on how to get there. May you help me understand and provide a breakdown of the formula?

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o More Info '- The actual weights [as of 21111} are as follows: Consumer Price Index: Category Weights Category Weight Housing 41.5% Transportation 113% Food and Beverages 14.3% Medical Care 6.6% Education 3.. Communication 5.4% Recreation 5.3% Apparel 3.6% Other Goods 5 Services 3.5% F'I'i nt Done

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