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After completing the inflation assignment using the BLS website and reading chapter 9, discuss current events (last three or so years) that you think might explain changes in the inflation rate.

User Hugot
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Final answer:

Changes in the inflation rate over the last few years can be explained by a variety of current events, such as changes in oil prices, government policies, and economic shocks.

Step-by-step explanation:

Changes in the inflation rate over the last few years can be explained by a variety of current events. One example is the impact of oil prices on inflation. When oil prices rise, transportation costs increase, leading to higher prices for goods and services.

Another example is the effect of government policies, such as changes in taxes or regulations, which can influence the overall price level. Lastly, economic shocks, such as natural disasters or global events, can disrupt supply chains and cause fluctuations in prices. These are just a few examples of how current events can impact the inflation rate.

User BOOnZ
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