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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.
a) Determine the annual inflation rate to two (2) decimal places between each year. You will have 4 inflation rates.
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