Lane Community College

ECONOMICS USA: PRINCIPLES OF ECONOMICS
TeleWeb COURSE

Assignment #5 - The consumer Price Index
(10 Points)

In no more than one page (double-spaced, 12 point font, standard margins) answer the following question.

After reading the material on the linked websites (Measuring CPI and BLS-CPI), summarize the reasons why some economists believe that the Consumer Price Index over-estimates the level of inflation in the U.S.