This assignment gives you a chance to see how dollar values have changed over time. It also provides some practice at using the formula to calculate changes in dollar values over time. Think back to the very first car you purchased; if you have not been driving for a while or have not purchased a car, that's okay...ask your parents, guardians, family member, friend, or instructor if they would be willing to share with you how much they paid for their first car and in what year they bought it. Once you have determined the year you (or the person you ask) purchased the car and how much it was purchased for, determine how much you (or they) would have to pay in current dollars using the consumer price index (CPI).

The first paragraph of your initial post should identify the car, the year of the car, price of the car then and the price of the car now using the consumer price index.

In the second paragraph, discuss prices overall and in the automobile industry (this has especially changed in the last few months due to COVID), discuss how prices have changed, and your thoughts on the consumer price index.