In 2012 the nominal value for household spending on food and beverages was equal to $17593m and in 2021 it was $23888m.  Using the most appropriate price index from the list below, calculate the percentage change in real household spending on food and beverages from 2012 to 2021 and answers the questions below.                                                                                       2012             2021 CPI (Food)                                                                    961              1057 CPI (All groups)                                                           949              1068 PPI (Outputs - Food manufacturing)                     1031               1171 Import price index (food and beverages)              1436               1306   The index I used in my calculation was the? 1. CPI (Food) 2. CPI (All Groups) 3. PPI (Outputs) 4. Import price index

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