INFLATION 1) The following table contains the expected inflation rate until 2021. 2018 2019 2020 2021 forecast Inflation (annual) 2.8% 3.2% 8.4% 3.3% a) We have bought the 'consumer basket' in 2017 for 100 HUF. Determine the expected price of this 'consumer basket' for each year! b) Let's assume that we have lost a 100 HUF coin in 2017. How much would be the purchasing power of this 100 HUF coin relative to its value in 2017 if we would find it in 2018, 2019, 2020 or 2021? 2) The table below contains the price level of those consumption goods the 'consumer basket' consists for year 2019. (The price level of 2018 is 100%.) Consumption Food Spirits and Clothing Durables Household Fuel and Services goods tobacco energy other weight in the consumer 25% 10% 4% 7% 8% 18% 28% basket price level in 2019 (2018 is 104.20% 105.60% 100.50% 99.60% 100.40% 103.80% 101.60% 100%) Compute the inflation for 2019