Discuss what percentage change in the cpi up, Macroeconomics

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Discuss what percentage change in the cpi up

The CPI rose 3.8% in August of this year compared to a year earlier according to the BLS. Clothing prices were up 4.2% and the food prices rose 4.6%, while new car prices rose 3.8%, and medical care was up 3.2%.

1. Discuss what percentage change in the CPI up until August is accounted for by the changes in the prices of clothing, food and the medical care?

2. Given the changes in clothing, food, and the medical care, by what percentage did the prices of the other items in the CPI basket change?

3. Discuss why did the prices of the other items change?

4. Calculate the probable impact of the change of other items in the CPI basket?

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Macroeconomics: Discuss what percentage change in the cpi up

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Macroeconomics: Discuss what percentage change in the cpi up

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Macroeconomics: Discuss what percentage change in the cpi up

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