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Inflation and CPI

Last updated over 2 years ago
4 questions
1

First, quickly calculate the cost of the market basket for each year.

Then, using Year 1 as the Base Year:

What is the CPI for Year 1?

1

Using the above, what is the Consumer Price Index (CPI) of Year 1?

1

Using the above, what is the Consumer Price Index (CPI) of Year 2?

1

Using the above, what is the Consumer Price Index (CPI) of Year 3?