Using the data in the table below, calculate the CPI and the inflation rate in each year using 2015 as the base year. Instructions: Round your answers to one decimal place. Price of basket ($) Year CPI Inflation rate 2015 18000 2016 21500 2017 22750 2018 26150 2019 28875 2020 32550

The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each year, using the first year as the base year. Fill in the blanks in the table. Then calculate the annual inflation rate for each year (not including the base year). Instructions: Round your answers to 2 decimal places. Nominal Wage ($) Real Wage ($) Inflation Rate (%) Year Price Level 1 7.00 140 5.00 2. 9.00 7.00 150.00 3 11 160.00 7.50

S12. The table below shows the price of a house in a specific region in the years 2015 through 2020 (in thousands of $).Year: 2015 2016 2017 2018 2019 2020Price: 81 82 83.5 85 87.5 91Check whether the increasing trend is actual, by removing the inflation effect, using the CPI (2010 base year):Year: 2015 2016 2017 2018 2019 2020CPI: 108 110 113 116 120 125

The rent for tenants in a building in 1940 was $30 per month. The landlord changes the rent based on the CPI-U. Use the CPI-U chart below to calculate the current rent in 2005. Round to the nearest dollar.   Year CPI-U 1940 14.0 1949 23.8 1983 99.6 2000 172.2 2005 195.3 2009 214.5 2014 236.0 2017 245.1 2019 255.7 2020 258.8   $   (b) Show calculations and explain your reasoning.

Inflation and Money-End of Chapter Problem The average household income in the United States in 1975 was $13,800, and the CPI was 53.8. Convert the average income in 1975 to 2018 dollars. The CPI was 251.1 in 2018. Round your answer to the nearest cent. 1975 income in 2018 dollars: S

Period 1 Period 2 (base year) Period 3 Price Level Output Population 6 3 2 1 2 4 9 4 7 Use the above information to calculate the percent change in CPI between period 1 and 2. Express your answer as a decimal (rounded to the nearest thousandth).

How do we calculate the inflation rate and what is its relationship with the CPI?

www.m WO The country of Swedway monitors price changes on several hundred goods in 4 categories: food, housing, transportation and household goods, in accordance with the following CPI table: Calculate the contribution to inflation for each category and determine the overall inflation rate in Swedway. CATEGORY WEIGHT (%) PRICE CHANGE (%) CONTRIBUTION TO INFLATION RATE Food 40 10 Housing 30 15 Transportation 20 20 Household Goods 10 25 Total 100

Here are some recent data on the US consumer price index:  Year  CPI  Year  CPI  Year  CPI  2016  240.0  2011  224.9  2006  201.6  2015  237.0  2010  218.1  2005  195.3  2014  236.7  2009  214.5  2004  188.9  2013  233.0  2008  215.3  2003  184.0  2012  229.6  2007  207.3  2002  179.9    Compute the inflation rate of each year 2003-2016 and determine which were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?

AP Macro