Business, 29.01.2021 16:40 nicolehathaway1012
Use the following information to work Problems 8 and 9.
Consumer prices drop as falling oil costs push inflation lower Falling oil prices pushed the CPI down 0.1 percent in December 2015. Energy prices fell 2.4 percent and the price of gasoline fell by 3.9 percent.
Source: Los Angeles Times, January 20, 2016
Given the further information that the weight on energy prices in the CPI is 8 percent, by how much would the CPI have changed in December 2015 if energy prices had not changed?
Answers: 1
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Use the following information to work Problems 8 and 9.
Consumer prices drop as falling oil costs p...
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