Using 2013 as a base period, compute a simple price index for each of the following commodities.

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Using 2013 as a base period, compute a simple price index for each of the following commodities. Interpret your results.
Price in 2013 $2.49 $199 Price in 2014 Commodity Bread (loaf) Bus pass Clothing $2.58 $220 $1650.00 $1600.00
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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