Read article in attachments and answer these questions in essay form (1-2 pages)
1.What month (and year) is summarized? What was the level of the CPIU for that month? (See Table 1 “Consumer Price Index for All Urban Consumers”). What does this number represent?2.What was the rate of inflation (percentage change in the CPIU) for the last available month? How does that rate of inflation compare with the rate in the previous month?
3.What was the rate of inflation (percentage change in the CPIU) for the last 12 months for “all items”?
4.Which two categories of goods or services had the greatest price increase for the last 12 months? Which two categories of goods or services had the lowest price increase for the last 12 months?
5.Which two categories of goods or services had the largest price decrease for the last 12 months?
6.Who loses from inflation?
7.Who benefits from inflation?
8.Please analyze and discuss the significance of the data that you received for this Data Exercise. 9.Reflect on what you have learned from this exercise
requirements:
1.Must be typed, double-spaced, in 12-point Times New Roman or Arial font, with one-inch margins
2.Must have the title page in APA-7th style
3.Must have in-text citations in APA-7th edition style
4.Must have reference list in APA-7th edition style. Please note that you must reference the data you are using for the article
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