The table below pertains to H-town, an economy in which the typical consumers basket consists of 20 sugar-free cookies and 10 bottles of Kombucha. Calculate the cost of the basket, the CPI, and the inflation rate when possible. The base year is 2004. On a separate sheet of paper, calculate and fill the following table.

Year	Price of a Cookie	Price of 1 bottle of Kombucha	Cost of the Basket	CPI	Inflation Rate
2004	$2.00	$7			--
2005	$2.50	$8
2006	$4.50	$11

What is the cost of the basket in 2005?

What is the CPI in 2006?

What is the inflation rate in 2006?

In 2005, did how much did the cost of living increased (relative to 2004) (i.e. what is the % increase in the overall price level)?