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(Inflation) Here are some recent data on the U.S. consumer price index

(Inflation) Here are some recent data on the U.S. consumer price index
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Solution Guide / Answer Key:

ECONOMICS

MT445 / MT 445
Managerial Economics
Kaplan University (KU Campus)

William A. McEachern
Economics: A Contemporary Introduction, 8e
Hoboken, NJ: John Wiley & Sons.

Unit 9: National Economy, Circular Flow, and Economic Statistics

Unit 9 Project
Chapter 22 – question 17, page 508
17. (Inflation) Here are some recent data on the U.S. consumer price index:
Year CPI Year CPI Year CPI Year CPI
1988 118.3 1993 144.5 1998 163.0 2003 184.0
1989 124.0 1994 148.2 1999 166.6 2004 188.9
1990 130.7 1995 152.4 2000 172.2 2005 195.3
1991 136.2 1996 156.9 2001 177.1 2006 201.8
1992 140.3 1997 160.5 2002 179.9

Compute the inflation rate for each year 1989-2006 and determine which years were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?

 

FILE: MS WORD

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