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Year Basket Price Inflation Rate Between Each Year CPI 2023 $ 45.00 5. 2023 to 2024 2023 2024 $ 48.00 2025 $ 50.00 (base year)

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Year Basket Price Inflation Rate Between Each Year CPI 2023 $ 45.00 5. 2023 to 2024 2023 2024 $ 48.00 2025 $ 50.00 (base year) 6. 2024 to 2025 2024 2026 51.50 2027 $ 53.50 7. 2025 to 2026 2025 2028 $ 54.04 8. 2026 to 2027 2026 Part 3: Check Your Understanding- Answer the following questions. 9. Identify two shortcomings or weaknesses of using CPI as a measure of inflation. 10. Assume a country is experiencing disinflation. Would the CPI increase or decrease? Explain

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