The U.S. Consumer Price Index is computed by the: Department of Labor. Department of Commerce. Treasury Department. Federal Reserve. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key. Market Basket Prices in year 1 Prices in year 2 10 lbs of potatoes $1.10 per lb. $.80 per lb. 7 lbs of corn $.50 per lb. $1.00 per lb. 2 lbs of beans $.75 per lb. $1.00 per lb. From year 1 to year 2, the price index based on this market basket would: increase by less than 5%. increase by more than 5%. decrease by less than 5%. decrease by more than 5%. remain unchanged. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.