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The Consumer Price Index (CPI) is an index number used to convert dollars across time (as opposed to location). This index number measures inflation. In
The Consumer Price Index (CPI) is an index number used to convert dollars across time (as opposed to location). This index number measures inflation. In QR 58 Spreadsheet 2, the bottom tab titled "CPI" contains the CPI for every year between 2000 and 2013, using 1983 as the comparison year. This comparison year serves a similar role to that of Anytown, USA in our cost of living analysis. Use the CPI data in Spreadsheet 5B to determine how many dollars in 1983 would be equivalent of $100,000 in each of the following years. The CPI is quoted as a percentage. You should make sure to convert the CPI data to decimals before calculating! Round your answers to the nearest cent. Part A: 2011:s Part B: 2008:9 Part C: 2005:4 Part D: 2002:5
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