What is the current U.S. inflation rate? Visit the Bureau of Labor Statistics We

Question

What is the current U.S. inflation rate? Visit the Bureau of Labor Statistics Web Site,www.bls.gov/news.release/cpi.toc.htm, and select "Consumer Price Index Summary."

What month (and year) is summarized?

What was the CPI-U index number for "All Items" for the most current month? (Look in Table 1 by scrolling down to the bottom.)?

What was the rate of inflation (change in the Seasonally adjusted percentage change CPI-U) for the month? That is the change from the previous month. (Look in Summary or Table 1.)

How does that rate of inflation compare with the rate for the previous month?

Which two categories of goods or services had the greatest price increases for the month? Use the Seasonally adjusted percentage change CPI-U

Which two had the largest price decreases for the month? Seasonally adjusted percentage change CPI-U

What is the current U.S. inflation rate? Visit the Bureau of Labor Statistics Web Site,www.bls.gov/news.release/cpi.toc.htm, and select "Consumer Price Index Summary."

What month (and year) is summarized?

What was the CPI-U index number for "All Items" for the most current month? (Look in Table 1 by scrolling down to the bottom.)?

What was the rate of inflation (change in the Seasonally adjusted percentage change CPI-U) for the month? That is the change from the previous month. (Look in Summary or Table 1.)

How does that rate of inflation compare with the rate for the previous month?

Which two categories of goods or services had the greatest price increases for the month? Use the Seasonally adjusted percentage change CPI-U

Which two had the largest price decreases for the month? Seasonally adjusted percentage change CPI-U

Explanation / Answer

ans:

1.) unadjusted indexes for "ALL ITEMS"

may 2017   244.733

april 2018   250.546

may 2018    251.588

2.) change in the Seasonally adjusted percentage change CPI-U) for the month is 0.2%

3.) the inflation increased from previous month by 0.2%

4.) two categories of goods or services had the greatest price increases for the month are:-

1. medical care commoditied = 1.3% increase

2. hospital services = 0.5% increase

note:- if we incude energy as well then Gasoline (all types) takes the lead with 1.7% increase.

5.) two categories of goods or services had the greatest price decrease for the month are:-

1. airlines fares = -1.9%

2.used cars and trucks = -0.9%

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