Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Price of basket Year ($) CPI Inflation rate 2013 20,000 100 2014 21,400 2015 22,800 2016 26,150 2017 28,840 2018 32,600

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Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year.
Instructions: Round your answers to one decimal place.
Price of basket
Year
($)
CPI
Inflation rate
2013
20,000
100
2014
21,400
2015
22,800
2016
26,150
2017
28,840
2018
32,600
Transcribed Image Text:Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Price of basket Year ($) CPI Inflation rate 2013 20,000 100 2014 21,400 2015 22,800 2016 26,150 2017 28,840 2018 32,600
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