A Consumer Expenditure Survey in Sparta shows that people buy only juice and cloth
In 2018, the year of the Consumer Expenditure Survey and also the reference base year, the average
household spent $40 on juice and $25 on cloth
The table sets out the prices of juice and cloth in 2018 and 2019.
Calculate the CPI in 2019 and the inflation rate between 2018 and 2019.
The CPI in 2019 is
>>> Answer to 1 decimal place.
The inflation rate between 2018 and 2019 is percent
>>> Answer to 1 decimal place
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus
sign
Prices
Juice
Cloth
2018
$4 a bottle
$5 a yard
possible
2019
$5 a bottle
$3 a yard