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how do I find the cpi inflation since 2013 The market basket of goods for purposes of computing the Consumer Price Index (CPI) in Suffragate
how do I find the cpi inflation since 2013
The market basket of goods for purposes of computing the Consumer Price Index (CPI) in Suffragate City contains the following: 2 books, 8 steaks, 11 potatoes, 10 cookies, and 2 bags of charcoal. The table above and the applet give the price history of single items from the basket for the years 2013 through 2018. Calculate the total price of a basket of goods in each year and enter into the table below. Then, for each year, compute the CPI based on the past price of the basket in 2008 which was $77.59. Finally, compute the CPI inflation since 2013 . Round all answers to 2 decimal places Step by Step Solution
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