Consumer Price Index Increases: Selected Categories Housing Medical Care 51.4 96

Question

Consumer Price Index Increases: Selected Categories Housing Medical Care 51.4 96.6 If the eight categories comprising the overall CPI? (the CPI for All Items?) were weighted? equally, the values recorded above would make equal contributions to the overall index.? However, the BLS gives housing a more significant weight than medical care. More? specifically, the BLS weights housing at? 41.3% while medical care is weighted at only? 6.6%. LOADING... Complete the following table to show the contribution each of the increases recorded above actually make to the overall CPI. ?(Enter your responses rounded to one decimal? place.) Consumer Price Index: Contributions of Selected Categories Housing Medical Care ??? ???

Explanation / Answer

Housing =51.4(41.3%)=21.2

And medicare=96.6(6.6%)=6.4

We have to just derive how much amount of cpi is increased by increase in above figures. We don't have to use geometric weight etc in this stage

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