This table indicates the historical level of the Consumer Price Index (CPI) for the United States for 2017, 2018, and 2019. Complete the table by computing the inflation rate for 2018 and 2019. Year CPI Percentage change in prices 2017 245.0 — 2018 251.1 2019 255.5

This table indicates the historical level of the Consumer Price Index (CPI) for the United States for 2017, 2018, and 2019. Complete the table by computing the inflation rate for 2018 and 2019. Year CPI Percentage change in prices 2017 245.0 — 2018 251.1 2019 255.5

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 4.9P

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Question

2. Calculating percentage change in prices

This table indicates the historical level of the Consumer Price Index (CPI) for the United States for 2017, 2018, and 2019.

Complete the table by computing the inflation rate for 2018 and 2019.

Year	CPI	Percentage change in prices
2017	245.0	—
2018	251.1
2019	255.5

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