In July 2014, the CPI Inflation Rate Was 0

question 217

Multiple Choice

In July 2014, the CPI inflation rate was 0.3 percent while the core CPI inflation rate was 0.1 percent. The difference between these two measurements of inflation indicates

• A) prices for food and fuel were increasing more rapidly than prices for other goods.
• B) prices for food and fuel were increasing less rapidly than prices for other goods.
• C) the underlying inflation rate was higher than the overall inflation rate.
• D) a negative underlying inflation rate.

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Definitions:

Minor

A person under the legal age of adulthood, which varies by country but is commonly 18 years old, and therefore has restricted legal rights and responsibilities.

Voidable

A legal term describing a transaction or action that is valid until it is annulled or voided by one of the parties involved.

Enforceable

Capable of being imposed or complied with, typically referring to legal agreements or orders that can be upheld by law.

Secretary of State

A senior official in the state government responsible for managing governmental operations, often including the overseeing of elections and maintaining public records.