I'm struggling answering these questions

NAME: CPI Data and Inflation Rates Consumer Price Index is "100" based on 1982-1984 averages Years: CPI that year 1980 054 2001 (birth year for most of the class of 2019) 160 2020 238 2060 ??? i = CP12 - CPI1 x 100 OR i= Prices2 - Pricesix 100 CPI1 Prices1 (Assume that inflation in the future will be similar to the overall inflation pattern of the past. This is probably not going to actually happen, but....) 1. What is the total inflation %, 1980 to 2020? 238 -54 x 100 = 340, 74% $4 2. What is the inflation %, 2001 to 2020 (most of your lifetimes)? 238-160 x100 = 48.75% 160 3. What will the CPI be in 2060, if the inflation rate remains the same as 1980 to 2020? 4. If the current minimum wage is $7.25, that what should it be in 2060 to keep up with the potential inflation rate? If you have children, then this might be their high school minimum wage. payme 5. If the current price of a gallon of gasoline is $2.00, what will the pump price be in 2060? 6. Gasoline prices were $.86 per gallon in 1980. If gasoline prices had just kept up with inflation rates, then what should the price have been in 2020? 7. Minimum wage was $3.10 in 1980. What should it have been in 2020 if it had kept up with inflation? 8. If the current price of a gallon of milk is $2.39, what will the price be in 2060? 9. If the current price of a video game is $60, what will the price be in 2060? 10. Minimum starting salary for a new CFISD teacher was about $54,000 per year. What will it need to be in 2060 to keep up with inflation