Question

A graph titled Changes in the U S Consumer Price Index from 2006 to 2016 has year on the x-axis and average percent change on the y-axis, from negative 1 to positive 4. In 2008 the percent change was 4 percent, in 2009 negative 0.3 percent, in 2010 1.8 percent, in 2011 3.1 percent, in 2012, 2.1 percent, in 2013 1.5 percent, in 2014 1.6 percent, in 2015 0 percent, and in 2016 1.3 percent.

Use the drop-down menus to complete the statements.

Inflation is a measure of how prices
.

Disinflation occurred
.

The inflation rate was about
in 2014.

Overall, prices declined

Answer 1

Inflation is a measure of how prices increase over time.

Disinflation occurred from 2011 to 2013.

The inflation rate was about 1.6% in 2014.

Overall, prices declined in 2009.