Cpi inflation picks upaccording to the bls the cpi rose 38, Ask an Expert

Economics

CPI: Inflation Picks Up

According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%.

1. What percentage change in the CPI up until August is accounted for by the changes in the prices of food, clothing, and medical care?

2. Given the changes in food, clothing, and medical care, by what percentage did the prices of the other items in the CPI basket change?

3. Why did the prices of the other items change?

4. What is the probable impact of the change of other items in the CPI basket?

You must incorporate a minimum of three sources in addition to the text in this assignment. Your three sources may include scholarly sources, credible newspapers, trade journals, or websites listed here. Be sure to use OCLS to find these sources.

Your entire assignment must be APA formatted.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720388

Have any Question?Write your Review or question?

Related Questions in Business Economics

Research on the web ideas for small businesses for students

Research on the web ideas for small businesses for students. Describe at least three different ideas and include what for of business ownership you would use to structure each business.

The power of the market - 1990watch and discuss the video

The Power of the Market - 1990 Watch and discuss the video - The Power of the Market http://www.freetochoose.tv/program.php?id=ftc1990_1&series=ftc90 Links to an external site. By discuss I mean: Overall, what did you ...

Brexita what are the economic implications provide a

"Brexit" A. What are the economic implications? Provide a credible citation. B. What possible impact could this event have on European trade? Provide a credible citation.

Suppose that the fair work commission imposes a minimum

Suppose that the Fair Work Commission imposes a minimum wage of $19 per hour. (i) How many hours of employment are exchanged in the market? Below is related information: Assume that the market for unskilled labour in Aus ...

A city of flies has a population that doubles once every

A city of flies has a population that doubles once every day. The flies go extinct from overpopulation on the 30th day. On which day was the fly population halfway from extinction?

The appendix to chapter one will be very useful in

The appendix to chapter one will be very useful in answering this question, if you need a refresher or introduction to regression analysis. The following equation is the regression results of a study on infant mortality ...

People were polled on how many books they read the previous

People were polled on how many books they read the previous year. How many subjects are needed to estimate the number of books read the previous year within one book with 99% confidence? Initial survey results indicate t ...

Find the five number summary range and interquartile range

Find the five number summary, Range, and interquartile range, and midrange for the data: 52,27,36,69,43,59,40,70,32

Three friends tom jerry and mary were having coffee in the

Three friends, Tom, Jerry and Mary were having coffee in the GOSSIP CAFÉ and were discussing their job prospects. Tom told his mates that he has just resigned from his current job because he worked long hours and did not ...

Do you think that the taxicab industry in large cities

Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert