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Consumer Clothing Price Index data Basket of Goods Prices (Survey 2019) Price (Survey 2020) Price (Survey 2021) Quantity Consumed (Survey 2019) jeans $100 $110 $120

Consumer Clothing Price Index data Basket of Goods Prices (Survey 2019) Price (Survey 2020) Price (Survey 2021) Quantity Consumed (Survey 2019) jeans $100 $110 $120 3 tops $70 $80 $90 6 shoes $130 $140 $120 2 What is the value of the price index in 2019 if 2019 is the base year? What is the value of the price index in 2020 if 2019 is the base year? What is the value of the price index in 2021 if 2019 is the base year? What is the value of inflation between 2019 to 2020 and 2020 to 2021? (show your calculations)

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