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Consider the following information regarding a basket of goods and services for a typical household: Basket 2022 2023 Good/service Quantity (units) Price ($) Price ($

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Consider the following information regarding a basket of goods and services for a typical household: Basket 2022 2023 Good/service Quantity (units) Price ($) Price ($ Housing 12 800 825 Internet 12 75 75 Cable 12 40 50 Food 100 5 8 Using 2023 as the base year, the consumer price index for 2022 was 94.1 97.54 100 106.27

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