what is the CPI for Alberta, Canada, and US for a one year period of time? Be sure to use the same...

Question

what is the CPI for Alberta, Canada, and US for a one year period of time? Be sure to use the same period of time for all three. For example, compare August 2016 to August 2017. Be sure to cite your source, as well. Calculate inflation for all three, show your work. What industries in Canada are seeing the most inflation? How will this impact Alberta? Compare the three economies as it relates to inflation.

Compare the cost of living in Alberta to Ontario and Prince Edward Island. If someone makes $80,000 in Alberta, what would they need to make in Ontario to have the same buying power? What about Prince Edward Island? (Hint...you will need CPI for each location.)

Komalavalli · Accepted Answer

I have chosen the period for analysis is 2018-2019
CPI 2018 for Alberta = 140.6
CPI 2019 for Alberta = 143.1
Inflation rate of Alberta = 
[(CPI 2019 for Alberta- CPI 2018 for Alberta)/ CPI 2018 for Alberta]*100
Inflation rate of Alberta = [(143.1-140.6)/140.6]*100
Inflation rate of Alberta = [2.5/140.6]*100
Inflation rate of Alberta = 1.77%
CPI 2018 for Canada =133.4
CPI 2019 for Canada =136
Inflation rate of Canada = 
[(CPI 2019 for Canada - CPI 2018 for Canada)/ CPI 2018 for Canada]*100
Inflation rate of Canada = [(136-133.4)/ 133.4]*100
Inflation rate of Canada = [2.6/133.4]*100
Inflation rate of Canada = 1.94%
CPI2018 for USA=251.11
CPI2019 for USA =255.65
Inflation rate of USA = 
[(CPI 2019 for USA - CPI 2018 for USA)/ CPI 2018 for USA]*100
Inflation rate of USA = [(255.65-251.11)/ 251.11]*100
Inflation rate of USA = [4.54/251.11]*100
Inflation rate of USA = 1.807%
	 
	2018
	2019
	Infaltion 
	All-items
	133.4
	136
	1.9%
	Food 4
	145.3
	150.2
	3.4%
	Shelter 5
	140.9
	144.5
	2.6%
	Household operations, furnishings and equipment
	123.2
	123.6
	0.3%
	Clothing and footwear
	94.5
	96.1
	1.7%
	Transportation
	139.1
	141.5
	1.7%
	Gasoline
	181.5
	170.5
	-6.

what is the CPI for Alberta, Canada, and US for a one year period of time? Be sure to use the same period of time for all three. For example, compare August 2016 to August 2017. Be sure to cite your...

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