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Inflation (%) Q: People in Elbonia only consume three products: apples, bananas, and milk. Average consumption per month and prices are as follows. Calculate inflation
Inflation (%)
Q: People in Elbonia only consume three products: apples, bananas, and milk. Average consumption per month and prices are as follows. Calculate inflation between 2013 and 2014 based on consumer price index (CPI). Goods Quantity 2013price 2014 Apples 60 2 2.2 Bananas 59 2.5 N Milk 15litres 2.5 3 A: Inflation (%) Step by Step Solution
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