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21 Oct 2020
Calculate CPI for 2011 and 2012 taking CPI as 100 for the base year 2010. The market bundle is 5 Oranges, 5 slices of bacon and 7 Drinks. Prices ($) are as follows
2010
2011
2012
Orange
2
4
5
Bacon
4
6
6
Drinks
1
1.5
1.9
Calculate CPI for 2011 and 2012 taking CPI as 100 for the base year 2010. The market bundle is 5 Oranges, 5 slices of bacon and 7 Drinks. Prices ($) are as follows
|
2010 |
2011 |
2012 |
Orange |
2 |
4 |
5 |
Bacon |
4 |
6 |
6 |
Drinks |
1 |
1.5 |
1.9 |
Darryn D'SouzaLv10
21 Oct 2020