The base period value of the CPI is 1000. If the March 2022 value of the CPI is 1150 then a. We cannot conclude anything as the values of price indices mean nothing  b. The annual inflation rate is 15%c an item that cost $1000 in the base period costs $1150 in the March 2022 quarter D. prices overall are 15% higher in March 2022 than they were in the base period

Please answer quickly and correctly The CPI-U (U.S. city average, all items) has the following annual averages: Year 2013 2014 2015 2016 2017 Index 208.1 213.3 214.5 216.0 217.4

For the 1974-1975 academnic year, the annual tuition of Memphis was S1,500. The current tuition of Memphis is nearly $30,000 for the 2016-2017 academic year. Compute the average inflation rate in Memphis tuition to two decimal places over the years from 1974 to 2016.

Use the information below to: a) compute the price index for each year using 2019 as the base year.  b) compute the inflation rate between the two years.    Item                    Quantity                Unit Price-2018             Unit Price-2019 Coffee                20 pounds                       $7.00                                 $8.00 Rent                    12 months                    950.00                            1,000.00 Pizza                    100 pizzas                      12.00                                 14.00 Cable                   12 months                     55.00                                 60.00 Vacation              2 weeks                       550.00                               600.00