What was the rate of inflation for the month

Assignment Help Microeconomics

Reference no: EM13818780

The Inflation Rate

Complete the following exercise:

Visit the Bureau of Labor Statistics Web Site,

www.bls.gov/news.release/cpi.toc.htm . Select Consumer Price Index Summary.

Write a report (1-2 pages double - spaced) to answer the questions:

What month (and year) is summarized? What was CPI-U for that month?

What was the rate of inflation (percentage change in the CPI-U) 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?

Reference no: EM13818780

Questions Cloud

Develop a supplier selection and evaluation model : Develop a supplier selection and evaluation model for this purchasing decision. Justify the reasoning for your response.

Describe company you research and its compensation strategy : Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Would you like to own an all-electric car : Would you like to own an all-electric car? Do you think there is a viable market for such a product

Cause the gross profit percent to decline : After analyzing Coyote Canyon Outfitter's Income statement you notice the sales are 20% higher than last year. You also notice the net income is 15% higher. Also, according to your calculations the gross profit has declined from 60% to 50% and Res..

What was the rate of inflation for the month : What was the rate of inflation for the month? How does that rate of inflation compare with the rate in the previous month?

Is the product or service targeted to a particular group : Is the product or service targeted to a particular group or would it be available to the mass market? Describe how you would test market the product or service to determine if it has commercialization potential. Respond to at least two of your cla..

Beginning-of-period noncontrolling interest balance : Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared? How is the beginning-of-period noncontrolling interest balance determined?

Discuss model or economic theory that relates to the issue : Discuss the model or economic theory that relates to the issue presented in the news article. Discuss what economic theory states and predicts about the issue presented in the news article.

What are the noneconomic effects of unemployment : Why is unemployment an economic problem - what are the noneconomic effects of unemployment?

User Account

All Pages