Consumer Price Index (CPI), and Inflation A typical family of four in country X buys 133 loaves of bread and 42 sticks of butter each year. Concerned about inflation the head of the family decides to create a Consumer Price Index (CPI) out of these goods. 2020 2022 Base 2021 year 133 Loaves $1.55 $1.99 $2.75 of bread 42 sticks of $4.10 $5.40 $7.05 butter 1. Using the data above calculate the CPI for each year. (2 points each) 2020: CPI 2021: CPI 2022: CPI 2. Calculate the inflation rate as CPI increases from 140.90 to 185.15? (1 point)