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The monthly market basket for consumers consists of plaza, 1-shirts, and rent The table below shows market basket quantities and prices for the base year

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The monthly market basket for consumers consists of plaza, 1-shirts, and rent The table below shows market basket quantities and prices for the base year (Year 1) and in the following two years Base Year (Year 1) Product Quantity 10 2 Pizza T-Shirts Rent Price in the Base Year $2.50 $15.00 5500.00 Price in Year 2 $3.13 $13.50 $550.00 Price in Year 3 $3.25 $15.75 $500,00 1 The Inflation rate between Year 1 and Year 2 is % Round both answers to one decimal place) The Inflation rate between Year 2 nd Year 3 %

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