A Recent Monthly Press Release on the Consumer Price Index

question 11

Multiple Choice

A recent monthly press release on the Consumer Price Index says: "The Consumer Price Index for All Urban Consumers (CPI-U) dropped 0.1 percent in August, before seasonal adjustment, to a level of 218.8 (1982-84 = 100) , the Bureau of Labor Statistics of the U.S. Department of Labor reported today."
The CPI was 208.5 in September 2007 and 218.8 in September, 2008. By what percent did the CPI increase in this 12-month period?

• A) 0.05%
• B) 0.49%
• C) 4.9%
• D) 49.4%
• E) 104.9%

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Definitions:

Urea

A waste product formed in the liver, dissolved in blood, and excreted in urine; it is the principal nitrogenous end-product of protein and amino acid metabolism.

Renal Calculi

Kidney stones.

Cystitis

Inflammation of the bladder, often caused by a bacterial infection, leading to symptoms like painful urination and the frequent need to urinate.

Renal Failure

A condition where the kidneys lose the ability to filter waste and excess fluids from the blood.