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Think of 6 goods/commodities typically bought every month Make a market basket & find the prices & calculate the basket cost for each month --

Think of 6 goods/commodities typically bought every month

Make a market basket & find the prices & calculate the basket cost for each month -- March, April, May, June

Construct a consumer price index (student price index table)

Calculate the inflation rate

Some helpful website links

http://www.econport.org/content/handbook/Inflation/Price-Index.html

https://www.bls.gov/news.release/cpi.t07.htm#cpipress7.f.13

https://schools.saisd.net/page/open/95658/0/Krugman%20Unit%202%20modules%2010-15.pdf

https://1drv.ms/p/s!AvhLZEamMwUaj1VLmIu6qwXDujs_

https://1drv.ms/p/s!AvhLZEamMwUaj1gSc4_Y6x9D-Agh

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