Product Base Year Quantity Price (2013) (2021) Price Price (2022) Tacos 5 $1.50 $2.00 $2.25 Earplugs 10 6.00 7.50 7.00 Toothbrushes 3 2.50 3.50 3.50 Refer to Table 9. Consider a simple economy that produces only three products: tacos, earplugs, and toothbrushes. Use the information in the table to calculate the inflation rate for 2022, as measured by the consumer price index.

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