Inflation rates differ across regions mostly because of differences in _____
A) the base year.
B) revisions to the data.
C) housing prices.
D) food costs.
E) prices for durable goods.

Question

Quizplus · Accepted Answer

Housing prices vary greatly across different regions, which can impact the overall inflation rate. Other factors such as food costs and prices for durable goods may also fluctuate between regions, but housing prices are typically a major contributor. The base year and revisions to the data are not relevant factors in explaining regional differences in inflation rates.

Inflation Rates Differ Across Regions Mostly Because of Differences in _____