(Data is given below) assume period 2 as the base time period.Recalculate

(i): CPI for Period 1, 2 and 3

(ii): Rate of inflation between

• (a) Period 1 and 2
• (b): Period 1 and 3
• (c): Period 2 and 3

Entry Ticket Burger PaniniSandwich Dr.Pepper

Quantity 6 12 4 10

Year 1 $5 $2 $12 $1.25

Year 2 $6 $2.5 $12.5 $1.4

Year 3 $6.5 $3 $13 $1.5