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Task:
Summarise in your own terms the CPI inflation rate and related data for the June 2022 quarter. Explain what is represented by this data, such that a non-economist would better be able to understand its meaning.
You should in particular aim to incorporate elements of understanding that have come from this course, such as what the 'CPI' measures and includes, and how this should impact the interpretation of the data. This should provide a clearer interpretation of the meaning behind these numbers.
(For example, you can imagine that you are writing a short summary article for a newspaper that is aimed at a general audience. Although you do not need to follow this format stylistically.)
Format:
The format of your response should be an essay-style response.
You do not need subheadings or subsections.
You do not need to spend as much attention on formal essay structure as you might for a persuasive or research-based essay. Instead you should focus on communicating your ideas in a clear and concise manner and making sure there is a logical flow of ideas and explanation.
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