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Rounding to the nearest 0.1 percent, calculate the mean, median and mode for the Consumer Price Index - All Urban Consumers (CPI-U) for 2012, 2011

  1. Rounding to the nearest 0.1 percent, calculate the mean, median and mode for the Consumer Price Index - All Urban Consumers (CPI-U) for 2012, 2011 and 2002, separately. Show your work. If the three averages differ, explain why. Do you think the Fed should have been more concerned about inflation in 2012 than they were in 2011 or 2002? Why, or why not?

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