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- Use 2020 as the base gear - Find the CPI for 2019, 2020 and 2021 ' Find the inflation in 2020 relative to 2019
- Use 2020 as the base gear - Find the CPI for 2019, 2020 and 2021 ' Find the inflation in 2020 relative to 2019 and the ination in 2021 relative to 2020 - Round your answers to 2 decimal points - Use or create tables like the one below to write your answers Years Price Price Price Price of apples of bananas of grapes of raspberries 2019 $0.75 $0.25 $0.70 $1.9 2020 $0.85 $0.25 $0.90 $2.05 2021 $0.88 $0.29 $0.95 $2.13Years Cost of the Basket in the current year % change in CPI in year t CPI = Cost of the basket in the base year (2020) * 100 CPI in year t - CPI in year t - 1 * 100 CPIt-1 2019 N/A 2020 2021
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