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Q1: What are the reasons for CPI that overestimate inflation? Calculate CPI and Inflation rate of the following years for Consumer Basket: 20 Pizzas and

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Q1: What are the reasons for CPI that overestimate inflation? Calculate CPI and Inflation rate of the following years for Consumer Basket: 20 Pizzas and 10 CDs- pizza CDS cost CPI inflation 2002 $10 $15 2003 $12 $16 2004 $13 $18 2005 $14 $20

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