Access the current inflation rate as measured by the CPI at

Access the current inflation rate (as measured by the CPI) at the Bureau of Labor Statistics website: http://www.bls.gov/ Based on this inflation rate, explain three different ways that this rate will impact different parties in the U.S. economy.  Be specific in your answer. The current CPI for the past 12 months is 0.7%.

Solution

1. it will decrease the standard of living of the people which will effect the parties as they have to find a way to increase the income of the people

2. Prices of the necessary commodity will increase which will leads to blackmarketing of the products which tends to be at very high cost

3. It will leads to effect on production and exchange rate will also be lowered which will effect the overall international trade.