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Visit the Bureau of Labor Statistics Web Site, www.bls.gov/news.release/cpi.toc.htm (http://www.bls.gov/news.release/cpi.toc.htm). Select Consumer Price Index Summary. Please note that using the data from previously published releases
Visit the Bureau of Labor Statistics Web Site,
www.bls.gov/news.release/cpi.toc.htm (http://www.bls.gov/news.release/cpi.toc.htm). Select Consumer Price Index Summary.
Please note that using the data from previously published releases and summaries will produce grade zero for this part of the project.
Answer the questions:
- What month (and year) is summarized? What was CPIU for that month?
- What was the rate of inflation (percentage change in the CPIU) for the month? How does that rate of inflation compare with the rate in the previous month?
- Which two categories of goods or services had the greatest price increase for the month?
- Which two categories of goods or services had the lowest price increase (or greatest price decrease) for the month?
- Who loses from inflation?
- Who benefits from inflation?
- Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.
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