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Consumer price index history table

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Reference no: EM131181497

Use the Bureau of Labor Statistics "Consumer Price Index History Table"  (https://www.bls.gov/cpi/tables.htm) to answer the following questions.  Note:  There are many tables that the BLS occasionally rearranges.  You need the annual percent changes from 1913.  This was table 24, but might change.    

  • Ford Motor Company produced the first Mustang in 1964 which cost $2,368.  What is the equivalent price in current dollars?  Show the computation. 
  • What was the longest sustained period of price deflation since 1913 (7 years including 1 year of zero inflation)?  What marcoeconomic event occurred in this period?  What was the greatest rate of deflation during that time period?
  • During what 3 year period did the US experience the highest level of inflation?  What was the highest yearly inflation rate during that period?

Reference no: EM131181497

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