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What is the CPI inflation rate from 2020 – 2021 and 2021 - 2022? What does it mean?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

b. What is the CPI inflation rate from 2020 – 2021 and 2021 - 2022? What does it
mean?

2.2 Inflation calculation: CPI basket: 1,400 kg pork, 1,600 kg chickens)
Price of chicken(baht per
Price of pork perf (baht
kg)
per kg)
2020
39
69
2021
34
75
2022
40
96

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