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May 16th, 2013
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Question description

For your Week 3 Learning Team
assignment you will be studying Consumer Price Index data (CPI).CPI data is published by the Bureau of Labor Statistics.CPI
data includes a wide range of categories from housing prices to the cost of
milk.CPI data is available for the entire US or specific
geographic regions for certain items.


·Each team member should select a CPI of
interest and extract the monthly data from January 2006 through December
2011 from the CPI database.


·The historical CPI time series data
should be plotted using Excel for each index studied.The graphs
should have the date on the x-axis and the CPI data on the y-axis.The x-axis range should be from January 2007 until March
2013.


·For each CPI studied, provide a summary
of:


oWhat the CPI monitors


oGeographic area included in the
CPI


oPopulation group


oAny interesting trends or observations
relating to the specific CPI


·Compare and contrast the trends for the
CPI indices your team has studied.Note any interesting
observations across the indices.


The website for information on CPI
and the data is:http://www.bls.gov/cpi/


The grading guide for the
Week 3 CPI paper posted in the Course Materials forum.Please
submit your paper in Word (with graphs included within the document) and also
submit the Excel file used to create your graphs (which contains your CPI data
and graphs).


Tutor Answer

(Top Tutor) Daniel C.
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