Question

1) Using the CPI databases: All Urban Consumers (Current Series), compare the prices on a given selection of goods versus the U.S. City Average. You may use any of the database tools that will work for you, please try the one screen option first, but you may also use the multi-screen, tables, text files, or top picks to obtain the information you need for this assignment. Use the text files or top picks if the other tools do not work for you. 2) Choose a category of goods and also choose "All Items". You need two different sets of numbers. You may compare two specific goods or you may compare one good to "all items". 3) Use the annual data or select a month and calculate the rate of inflation over a 1 year or 5 year period. 4) Explain whether your good has experienced a price increase or decrease relative to the prices of all other goods.

Can you give me another example for this discussion please beside the example of the bakery products or the annual time period from 2009 to 2014?

Answer 1

The 2009-2014 World Outlook for Retail Bakery Products

436 01 394 354 36 49 381 291 29.6 20630 Consumption in kg per capita and 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Year Bread Duble bakery pro Wheat bulary process Nation Future development of cop

Consumer Spending on Bakery Products of Chained 700 Dolar Ort 2006-October 2016 Meghahan

This statistic shows the retail sales volume of bakery products in Belgium from 2009 to 2014 with a forecast for 2015 and 2019 (in 1,000 tons). The forecasted retail sales volume of bakery products in 2015 amounted to approximately 950 thousand tons.

OTHER STATISTICS ON THE TOPIC

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FOOD & NUTRITION

Per capita consumption of bread in Flanders (Belgium) 2008-2017

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FOOD & NUTRITION

Bakery market share in Flanders (Belgium) 2017, by bakery product

FOOD & NUTRITION

Average annual household expenditure on bread and grain products in Belgium 2018

FOOD & NUTRITION

Total number of bakeries and confectioners in Belgium 2008-2017

The State of the Bakery Industry in 2018. Retail bakery sales are expected to increase by an average of 5.5% per year from through 2021. ... Through 2021, sales of cakes and cupcakes in retail bakeries are expected to increase by an average of 7.2% per year, totaling $754.8 million in 2021.

In early 2009, King’s Hawaiian along with a team of real estate experts began scouting out potential sites for a new bakery in a 300-by-500 mile area of the Southeast, eventually targeting specific sites in the Carolinas, Texas, Florida and Georgia.

“Georgia was the top state, but not necessarily in terms of economic incentives,” noted John Linehan, executive vice-president of the bakery headquartered in Torrance, CA. “Georgia won out based on community, quality of workers and appropriate collaboration of city, state and local officials.

“By appropriate, I mean they didn’t wink at ways to get around rules,” he added. “They had rules and regulations for permits that were very fair and very protective of the environment, clearly written — very black and white and not a lot of gray. They were very collaborative, not in getting around the regulations, but in helping companies get compliant with the regulations.”

Annual inflation data for 10 years

7.59 7.35 6.58 5.54 4.62 3.99 3.18 3.15 3.28 2.86 2.99 3.05 Apr 2019 Jul 2019 Oct 2019 Jan 2020 SOURCE: TRADINGECONOMICS.COM MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION (MOSPI)

Consumer price inflation in India eased to 6.58% in February of 2020 from 7.59% in the prior month, and slightly below market expectations of 6.8%. The inflation rate fell for the first time in 7 months, as food & beverages prices slowed (9.5% vs 11.8% in January), particularly cereals (5.2% vs 5.3%), vegetables (31.6% vs 50.2%), fruits (4.0% vs 5.8%) and pulses (16.6% vs 16.7%); while milk cost rose faster (6.1% vs 5.6%). The food alone rate slowed to 10.8% from 13.6%. Also, miscellaneous prices went up at a softer pace (4.5% vs 4.8%). Meanwhile, housing inflation was steady (at 4.2%) while cost advanced faster for fuel and light (6.4% vs 3.7%); clothing and footwear (2.1% vs 1.9%) and pan, tobacco and intoxicants (4.1% vs 3.6%). On a monthly basis, consumer prices fell 0.7%, following a 0.1% drop in the precious month.

India Inflation Rate Below Forecasts

Consumer price inflation in India eased to 6.58% in February of 2020 from 7.59% in the prior month, and slightly below market expectations of 6.8%. The inflation rate fell for the first time in 7 months, as food & beverages prices slowed (9.5% vs 11.8% in January), particularly cereals (5.2% vs ... more

2020-03-12

India Inflation Rate Highest in Near 6 Years

Consumer price inflation in India increased to 7.59% in January of 2020 from 7.35% in December, above expectations of 7.4%. The inflation accelerated for the 6th straight month to the highest since May of 2014. Prices rose faster for fuel and light (3.7% vs 0.7% in December), miscellaneous (4.8% vs ... more

2020-02-12

India Inflation Rate Jumps to 7.3% in December

Consumer price inflation in India jumped to 7.35% in December of 2019 from 5.54% in November and well above market expectations of 6.2%. The inflation accelerated for the fifth straight month, remaining the highest rate since July of 2016. Main upward pressure came from cost of food and beverages

2020-01-13

India November Inflation Rate Rises to Over 3-Year High

India's retail price inflation rate increased to 5.54 percent year-on-year in November 2019 from 4.62 in the previous month and compared with market expectations of 5.26 percent. It was the highest inflation rate since July 2016, above the Reserve Bank of India's medium-term target of 4 percent

In 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of inflation. In India, the most important category in the consumer price index is Food and beverages (45.86 percent of total weight), of which Cereals and products (9.67 percent), Milk and products (6.61 percent), Vegetables (6.04 percent), Prepared meals, snacks, sweets, etc. (5.55 percent), Meat and fish (3.61 percent), and Oils and fats (3.56 percent). Miscellaneous accounts for 28.32 percent, of which Transport and communication (8.59 percent), health (5.89 percent), and education (4.46 percent). Housing accounts for 10.07 percent; Fuel and light for 6.84 percent; Clothing and footwear for 6.53 percent; and Pan, tobacco and intoxicants for 2.38 percent. Consumer price changes in India can be very volatile due to dependence on energy imports, the uncertain impact of monsoon rains on its large farm sector, difficulties transporting food items to market because of its poor roads and infrastructure and high fiscal deficit.

There are four different types of goods in economics which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods. Private Goods are products that are excludable and rival. Public goods describe products that are non-excludable and non-rival.

Examples: Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching. Goods are tangible objects that satisfy people's wants.

Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems, and street lighting. Streetlight: A streetlight is an example of a public good. It is non-excludable and non-rival in consumption. Public goods can be pure or impure.

There are four different types of goods in economics which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods. Private Goods are products that are excludable and rival. Public goods describe products that are non-excludable and non-rival.