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Consider the simple economy that produces only three products. Use the information in the following table to calculate the (annual rate of) inflation for

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Consider the simple economy that produces only three products. Use the information in the following table to calculate the (annual rate of) inflation for 2022 as measured by the consumer price index (CPI). Product Haircuts Hamburgers Movies BASE YEAR (2010) Quantity 2021 2022 Price Price Price 2 $10.00 $11.00 $16.20 10 2.00 2.45 2.40 9 15.00 15.00 14.00 Using the information in the table, the CPI for 2021, with 2010 as the base year, is (Enter your response rounded to one decimal place.)

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