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table) year Price of Burgers Quantity of Burgers Price of Magazines Quantity of Magazines 2016 $4.00 100 $2.00 180 2017 $5.00 120 $2.50 200 2018
table) year Price of Burgers Quantity of Burgers Price of Magazines Quantity of Magazines
2016 $4.00 100 $2.00 180
2017 $5.00 120 $2.50 200
2018 $6.00 150 $3.50 200
Refer to the table above. Using a basket of 12 burgers and 20 magazines, what is the CPI inflation rate from 2017 to 2018?
You can use 2016 as the base year.
A) Inflation is 10%
B) Inflation is 17%
C) Inflation is 29%
D) Inflation is 36%
E) None of the above
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