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4.27 Annual Change in Consumer Prices Analysis Template

What is the benefit of having a template for the analysis of the Rate of change in the CPI indices, in a business plan for a Full Service Restaurant?

In order to get a clear understanding of the actual rate of change in the prices of both th CPI for all goods and services and the CPI for a particular industry segment, we need to know just what the rate of change is for both the indices. This is the number that is widely reported in all the media and it denotes how much prices have moved up in relation to previous levels. Thus while in our previous section we looked at the absolute value of the index and were able to determine the general direction of the prices by looking at the slope of the line; in this analysis we are able to actually graph the rate of change for both the CPI for all goods and services and the CPI for just one industry segment for any given metropolitan area.

What is the cost of the data for the Rate of change Consumer Price Index (CPI) analysis for Full Service Restaurant in Westchester County, New York?

The data for Annual Spending by Type of Area is available completely free from the Bureau of Labor Statistics website at www.bls.gov and is paid for by your tax dollars. Most government agencies request however that if you decide to use their data, that you give them a mention by letting your readers know the source of the data.

What calculations go into the production of this template on Rate of Change in Consumer Price Index (CPI) analysis for A Touch of Tuscany?

There are no manual calculations that you have to endure - just go to the Bureau of Labor Statistics website, download the data, paste it or enter it into the template and the chart will be updated automatically. Just punch in the data and our templates will do the rest. Click on the output tab from where you can copy and paste the finished template into a word document.

Quick Links:

  1. Go to the Corresponding Questionnaire section for this industry.
  2. Go to the Corresponding Business Plan section for this industry.

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