[See Steps] We want to calculate the inflation rate using the price data. The inflation rate can be calculated by using the formula DP/P = Ln(P t /P t-1
Question: We want to calculate the inflation rate using the price data. The inflation rate can be calculated by using the formula DP/P = Ln(P t /P t-1 ). Calculate this data and graph it versus date to see the pattern in inflation over time.
Questions :
Describe the pattern in the data.
When is the inflation rate highest? Is it sustained or does it only occur at the higher level for a few months?
The Fed took actions in 1981-82 to battle inflation. Did it work?
Deliverable: Word Document 
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