This assignment will introduce students to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others.
locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserve of St. Louis FRED web site although you are allowed to use other sources.
Develop a minimum 700-word analysis of inflation by including the following:
Practice the following pattern in your paragraph construction: 1) assertion, 2) reasons for or explanation of the assertion, and 3) evidence for the assertion. If you are particularly energetic, a fourth element is 4) application of economic theory to real world issues involving career, financial planning, business, or politics.
Cite a minimum of three scholarly, peer-reviewed references.
Format your paper consistent with APA guidelines.