observe the prices of 5 grocery items for a month find the percent of increase or decrease of each consider the rubrics below in presenting your findings
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The level of food price inflation varies depending on whether the food was purchased for consumption away from home or at home:
The food-away-from-home (restaurant purchases) CPI increased 0.1 percent in March 2021 and was 3.7 percent higher than March 2020; and
The food-at-home (grocery store or supermarket food purchases) CPI increased 0.2 percent from February 2021 to March 2021 and was 3.3 percent higher than March 2020.
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Answer:
The level of food price inflation varies depending on whether the food was purchased for consumption away from home or at home:
The food-away-from-home (restaurant purchases) CPI increased 0.1 percent in March 2021 and was 3.7 percent higher than March 2020; and
The food-at-home (grocery store or supermarket food purchases) CPI increased 0.2 percent from February 2021 to March 2021 and was 3.3 percent higher than March 2020.