5 Questions
What is being asked about the inflation rate from December 2023 to January 2024?
The percentage change in prices over a one-month period
Which time period does the question refer to when asking about the inflation rate from January 2023 to January 2024?
An analysis of price changes over a one-year period
What does Table 2 CPI-U by detailed expenditure category provide insights into?
Price changes in specific expenditure categories
In the context of the CPI, what do 'price increases' refer to?
Variation in the costs of goods and services
What is meant by 'items contributing most to the CPI' referring to the last month and last 12 months?
Goods or services with the highest demand
Study Notes
Inflation Rate Calculation
- Inflation rate from December 2023 to January 2024 (1 month): needs calculation
- Inflation rate from January 2023 to January 2024 (12 months): needs calculation
Price Increases Analysis
- Using Table 2 CPI-U by detailed expenditure category to identify price increases
- Identifying categories with highest price increases
Contributors to CPI
- Items that contributed most to the CPI in the last month: needs analysis
- Items that contributed most to the CPI in the last 12 months: needs analysis
News Article Information
- Date of news article: needs search
- Link of news article: needs search
Additional Information from BLS Tables
- Additional data points to add to the news article: needs analysis
Test your knowledge on calculating inflation rates, analyzing CPI data, and understanding price increases based on Table 2 CPI-U. Identify the items contributing most to CPI in the last month and 12 months. Practice searching for news articles on CPI data and evaluating additional information.
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