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The CPI-U is the Consumer Price Index. This measures the changes in the price of a basket of goods and services purchased by urban consumers.
The CPI-U is the Consumer Price Index. This measures the changes in the price of a "basket" of goods and services purchased by urban consumers. The follow table shows the CPI-U for all cities in the U.S. for all goods reported in December of each year. Year CPI-U 2015 243.5 2016 249.8 2017 252.7 2018 256.36 2019 265.87 a) Determine the annual inflation rate to two (2) decimal places between each year. You will have 4 inflation rates. (10 points)
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