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In the country of Shem, the CPI is calculated using a market basket consisting of 5 peaches, 4 kg of fish, 3 shorts, and 2

In the country of Shem, the CPI is calculated using a market basket consisting of 5 peaches, 4 kg of fish, 3 shorts, and 2 litres of milk. The per-unit prices of these goods have been as follows:

Refer to Table 2-3. What was the inflation rate, as measured by the CPI, between 2016 and 2017?

Question 19 options:

-7.14 percent

3.75 percent

11.25 percent

-4.44 percent

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