Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 7

WHAT IS THE CURRENT U.S. INFLATION RATE Visit the Bureau of Labor Statistics Web Site, www.bls.gov/news.release/cpi.toc.htm , and select Consumer Price Index Summary. What month (and year) is summarized What was the CPI-U for the month What was the rate of inflation (change in the CPI-U) for the month How does that rate of inflation compare with the rate for the previous month Which two categories of goods or services had the greatest price increases for the month Which two had the lowest price increases (or greatest price decreases) for the month