Description
due by july 5 3 pm western pacific time zone california
we have to use the inflation and cpi index from the FRED website..embed graphs in paper
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Attached.
OUTLINE
1. INTRODUCTION
2. BODY
3. CONCLUSION
4. REFERENCES
CPI
1995
2005
2010
2015
156,1
162,3
185,38
199,73
Urban Coffee Cons
250
200
150
CPI
YEAR
100
50
0
1990
1995
Urban Coffee Consumers CPI
1995
2000
2005
Time in Years
2010
2015
2020
Running Head: INFLATION ECONOMICS
Inflation Economics
Student Name:
Instructor:
Institutional Affiliation:
Date:
2
INFLATION ECONOMICS
Product Choice
Currently, I have a taste for coffee just like my colleagues in our institution and also like a
bigger part of the nation. Coffee is the best choice in this case since it is widely consumed in the
United States with consideration to the influence of Starbuck Corporation. The influence, however,
is significant to college students and also the urban population (Ederer, Heumesser, & Staritz,
2016). It explains why the choice of data set from St. Louis Federal Reserve site is on urban coffee
consumer price index. The figures that are recorded for all urban consumers’ consumer price index
are 156.10 for 1995, 162.30 in 2005, 185.38 in 2010 and 199.73 in 2015. Apparently, this data set
shows an increasing trend over the given years as shown in the t...