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The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows: Food and beverages 17 . 8%
The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows: Food and beverages 17 . 8% Housing 42. 8% Apparel and upkeep 6.3% Transportation 17. 2% Medical care 5.7% Entertainment 4. 4% Other goods, and services 5. 8% Total 100.0% Suppose that since the base year, the prices of food and beverages have increased by 4 percent, the price of housing has increased by 5 percent, and the price of medical care has increased by 6 percent. Other prices are unchanged Instructions: Enter your responses by rounding the CPI to three decimal places. The CPI for the current year is 103.194
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