Below is a list of annual CPI values for the years 2000-2003. Using these values please calculate the average annual rate of inflation over this period. Table Year CPI 2000 200.2 2001 205.6 2002 208.2 2003 209.1 4.45% 1.46% 2.97%
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- The following table shows the typical market basket consumed in an economy as well as data on price for years 2001 to 2003. Use this table to calculate the inflation rate between 2001 and 2002. 2003 is the base year. Price in year Price in year Price in Year Items Quantities 2001 2002 2003 Pizza $10 $20 $0.50 $12 $25 $0.55 $11 $26 $1 10 T-shirts 10 Candy 100Year CPI 2010 189 2011 211 Consider the data in the table above of the consumer price index for 2010 and 2011, using 1980 as the base year. The inflation rate for 2011 is equal to 10.8 percent 22.0 percent 8.96 percent 11.6 percent 10.4 percentUse 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
- Considering 2010 as the base year, calculate inflation rate for each year (2011-2019) and fill the table given below. Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CPI* 100 111.92 122.75 132.19 141.70 145.28 150.75 156.91 164.88 182.32 InflationInfl. Year CPI Rate 2010 218.1 2011 224.9 3.1% 2012 229.6 2.1% 2013 233.0 1.5% 2014 236.7 ??? 2015 237.0 ??? 2016 240.0 ??? 2017 245.1 ??? a) Calculate the inflation rates for the years 2014-2017. b) Was there disinflation in those years? If so, in which year(s)?Consumer’s basket contains 20 pizzas and 10 compact discs. For each year, compute the cost ofthe basket, the CPI (use 2002 as the base year), the inflation rate from the preceding year. Hereare the prices:Year pizza CDs2002 $10 $152003 $11 $152004 $12 $162005 $13 $15
- Use the following urban CPI monthly data in Egypt in year 2022 to answer the questions that follow (Picture attached).Calculate the inflation rate in May 2022 and October 2022. If the CPI in November 2021 was 117.8, calculatethe annual inflation rate.The table below lists Mistania’s index numbers for its typical consumer’s market basket between 2008 and 2012. Assume 2008 is the base year. Year Index number2008 1002009 100.468752010 101.8752011 107.52012 115 Calculate the inflation rate between 2009 and 2010Setting 2018 as the base year Using the consumer price index a). Calculate the inflation rate between 2018 and 2019 b)Determine the purchasing power of the Ghana Cedi in 2019 and interpret it
- Here are values of the CPI (multiplied by 100) for each year from 1990 to 2000. For each year beginning with 1991, calculate the rate of inflation from the previous year. Instructions: Enter your responses rounded to one decimal place. Year CPI Inflation Rate (%) 1990 130.7 1991 136.2 1992 140.3 1993 144.5 1994 148.2 1995 152.4 1996 156.9 1997 160.5 1998 163.0 1999 166.6 2000 172.2The table below shows products purchased by a representative household over the years 2022 and 2023: Items X Y Z 2022 Price $2 $1 $3 Quantity 25 12 15 OF SOCI 2023 Price $2.20 $1.10 $3.30 Quantity 28 15 16 (a) Calculate the consumer price index (CPI) for the year 2022 and 2023, taking 2022 as the base year, and determine the inflation rate between 2022 and 2023. (b) Does this inflation rate measure the actual change in cost of living encountered by households accurately? SUSS Explain.Suppose the CPI base 100 - 2002 in 2013 is equal to 122.2. What is the average annual inflation rate between 2002 and 2013? Use the exact formula and express your answer in percentage rounded to the nearest first decimal.