The Personal Consumption Expenditure (PCE) Price Index was 124.74 in November 2022, 124.62 in October 2022, 118.20 in November 2021, and 117.48 in October 2021. What is the year-over-year inflation rate in November 2022 calculated using PCE? (Enter your response rounded to two decimal places. That is, 7.877% should be entered as 7.88.)

The Personal Consumption Expenditure (PCE) Price Index was 124.74 in November 2022, 124.62 in October 2022, 118.20 in November 2021, and 117.48 in October 2021. What is the year-over-year inflation rate in November 2022 calculated using PCE? (Enter your response rounded to two decimal places. That is, 7.877% should be entered as 7.88.)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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