Answer:
Price Index
Value in Value in Inflation
August August Rate
2017 2018
Consumer Price Index for All Urban Consumers:
All Items 245.30 251.88 _2.68_%
Personal Consumption Expenditures
(Chain-type Price Index) 106.12 108.46 _2,21_%
Personal consumption expenditures
excluding food and energy
(Chain-type Price Index) 108.09 110.19 1.94%
Step-by-step explanation:
a) Data:
Price Index
Value in Value in Inflation
August August Rate
2017 2018
Consumer Price Index for All Urban Consumers:
All Items 245.30 251.88 _______%
Personal Consumption Expenditures
(Chain-type Price Index) 106.12 108.46 _______%
Personal consumption expenditures
excluding food and energy
(Chain-type Price Index) 108.09 110.19
Calculations:
245.30 251.88 increase of 6.58: Rate = 6.58/245.30 * 100 = 2.68%
106.12 108.46 increase of 2.34: Rate = 2.34/106.12 * 100 = 2.21%
108.09 110.19 increase of 2.1: Rate = 2.1/108.09 * 100 = 1.94%