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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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