EBK MACROECONOMICS
EBK MACROECONOMICS
6th Edition
ISBN: 8220103116688
Author: O'Brien
Publisher: PEARSON
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Chapter 9, Problem 9.4RDE

Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

a. Find the most recent values and values from the same month in 2010 for the following four categories of the Consumer Price Index: (1) Food and Beverages (CPIFABSL), (2) Apparel (CFIAPPSL), (3) Transportation (CPITRNSL), and (4) Medical Care (CPIMEDSL).

b. Using the data from part (a), calculate the inflation rate over the period from 2010 to the present period for each of the four CPI categories.

c. According to your calculations, which category experienced the least amount of inflation and which category experienced the most inflation?

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EBK MACROECONOMICS

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