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New CPP: Economics

Essay Instructions:
Hello! For our third discussion post, please answer the writing prompt below in 150-200 words (no more or less please; you can use https://wordcounter(dot)net/ (Links to an external site.) to make sure you are on target). Then, respond to 3 of your classmates' posts in a way that shows that you read their posts and thought about them. Note that you can see the grading rubric by clicking on the 3 little dots in the top right hand corner of this box. Please let me know if you have any questions (send me an inbox message)! Tanja Writing prompt: Take a look at the Reno Economic Summary fact sheet link below. Locate the Consumer Price Index (CPI) section. 1) For U.S. cities, what was the 12 month overall inflation rate, the food inflation rate, and the energy inflation rate? 2) In which ways have you noticed or experienced these unusually high inflation rates? https://www(dot)bls(dot)gov/regions/west/summary/blssummary_reno.pdf Links to an external site.
Essay Sample Content Preview:
Economics: CPI Name Institution Course and Code Professor Date Economics: CPI A consumer price index (CPI) entails the measure of change of prices over time by consumers for a specific basket of products and services. In the Reno Area, for the United States (U.S.) cities, the twelve-month percentage overall rate of inflation is 3.4. Additionally, the CPI for energy is -2.0, and that of food is 2.7 (Bls.gov, 2024). The inflation rate for all items, energy, and food has been ex...
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