News Release Real personal expenditure in 2007 chained dollars was $1,002.3 billion in 2015 and $1,026.2 billion in 2016. In current dollars, it was $1, 115.6 billion in 2015 and $1, 153.5 billion in 2016. Source: Statistics Canada Calculate the chained price index for consumption (CPIC) for 2015 and 2016. Calculate the CPIC inflation rate for 2016. Why might the CPIC inflation rate be preferred to the CPI inflation rate? Did real consumption expenditure increase by more or by less than nominal consumption expenditure? Why? The chained price index for consumption for 2015 is L > >> Answer to 1 decimal place