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Goods and Services Price (2004) Price (2005) Food $10,000 $11,200 Fuel (gasoline, primarily) $2,000 $6,000 Personal Computer $1,000 $800 Rent $10,000 $10,600 Clothing $500 $550
Goods and Services Price (2004) Price (2005) Food $10,000 $11,200 Fuel (gasoline, primarily) $2,000 $6,000 Personal Computer $1,000 $800 Rent $10,000 $10,600 Clothing $500 $550 What do you think the rate of inflation should be for those years? 61.6% (average of percentage changes) O 24% (change in the sum of all the items) O 6% (change in the sum of all the items except food, fuel, and the computer) 4% (change in the sum of all the items except food and fuel)
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