Use the following data to work Problem. The BLS reported the following CPI data: 11eb8296_4534_692a_8eeb_8308f103fb01_SM2864_00 Calculate the inflation rates for the years ended June 2009 and June 2010. How did the inflation rate change in 2010?

Macroeconomics 11th Edition by Michael Parkin

Edition 11ISBN: 9780133423884

Edition 11ISBN: 9780133423884

Exercise 9

Use the following data to work Problem. The BLS reported the following CPI data:

Calculate the inflation rates for the years ended June 2009 and June 2010. How did the inflation rate change in 2010?

Explanation

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Consumer price index in the year 2008 is...