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Re: HW6 Products 2020 Quantity 2020 Price per unit 2021 Price per unit 2022 Price per unit Sandwich 10 units 5 8 10 Movie ticket

Re: HW6 Products 2020 Quantity 2020 Price per unit 2021 Price per unit 2022 Price per unit Sandwich 10 units 5 8 10 Movie ticket 15 units 10 15 20 Books 20 units 8 10 16 See example in text. Use the above data to calculate total market basket cost for given year and calculate the consumer price index using 2020 for the base year and calculate rate of inflation for 2021 and 2022: Year Total Market Basket cost CPI Annual Rate of Inflation 2020 100 0 2021 2022

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