In the table below, 2018 is the base year when CPI = 100. Consumers buy only pretzels
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Question:
In the table below, 2018 is the base year when CPI = 100. Consumers buy only pretzels and beer.
Year | Bags of Pretzels | Price per Bag | Cases of Beer | Price per Case |
2018 | 40 | 5 | 10 | 10 |
2019 | 50 | 6 | 15 | 16 |
What approximately is the Consumer Price Index in 2019 ?
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