Calculate consumer price index in the current year

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Reference no: EM13159532

Using the information on exhibit 2 calculate the consumer price index in the current year.

Exhibit 2

Product	Quantity in market basket	Price in base year	Price in current year
Bread	10	$2.00	$1.50
Milk	15	$1.00	$2.00
Gum	50	$1.20	$1.50

Reference no: EM13159532

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