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The people of Jungle Island buy only fruit and bread. The CPI basket contains the quantities bought in 2015. The average household spent $10 on

The people of Jungle Island buy only fruit and bread. The CPI basket contains the quantities bought in 2015. The average household spent $10 on fruit and $40 on bread in 2015 whenthe price of fruit was $0.50and the price of bread was $5 a loaf. In 2016, Fruit is$2 a fruit and Bread is $6 a loaf. Calculate the CPI and the inflation rate in 2016

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