Inflation and CPI

Last updated almost 3 years ago

4 questions

1

Last updated almost 3 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?

120

100

80

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

85

100

125

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

150

100

125