Consumer Price Index (CPI), and Inflation A typical family of four in country X buys 104 loaves of bread and 52 sticks of butter each year. Concerned about inflation the head of the family decides to create a Consumer Price Index (CPI) of these goods. 2018 2020 Base 2019 year 104 Loaves $1.55 $1.77 $2.12 of bread 52 sticks $4.10 $4.60 $6.15 of butter 1. Using the data above calculate the CPI for each year. (2 points each) 2018: CPI 2019: CPI 2020: CPI 2. Calculate the inflation rate as CPI increases from 261.58 to 278.80? (1 point)