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Suppose the consumer basket was set to include one car and four tires. If cars cost on average $30,000 and tires cost $250 in 2019,
Suppose the consumer basket was set to include one car and four tires. If cars cost on average $30,000 and tires cost $250 in 2019, and in 2020 cars cost $35,000 and tires cost $300, what was the inflation rate from 2019 to 2020? 16.7% 14.3% 14.3% 35%
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