Show your work 1. The table below shows the CPI and its components in December of 2016 and December of 2017. The questions below are essentially asking you to recreate the table used in class to discuss the change in inflation from Jan 2013 to Jan 2014. Relative importance (Perecent of total CPI 2017 Unadjusted indexes Dec. 2016 Expenditure category 2017 100000 241432 246.524 253.845 136.671 118.336 251.024 120.614 477.802 203.023 435.831 All items Housing Education and communication Recreation Food and beverages 42.808 6.720 5.631 14.545 3.037 8.496 15.586 3.178 246.795 139.076 116.559 247.134 122.637 469.447 196.252 427.159 Apparel Medical care Transportation Other goods and services a. b. . d. What is the inflation rate from December 2016 to 2017? What is the inflation rate for all of the subcategories of the CP1? What is the contribution to overall inflation of each of the subcategories? What is (are) the main source(s) of inflation during 2017