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Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2008, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $100, and 500 carrots for $50. In 2009, they buy 75 heads of cauliflower for $240, 80 bunches of broccoli for $180, and 500 carrots for $100.
a) Calculate the price of each vegetable in each year.
Year Cauliflower Broccoli Carrots
2008
2009
b) Using 2008 as the base year, calculate the CPI for each year.
c) What is the inflation rate in 2009?
sales 1990 116 1991 105 1992 29 1993 59 1994 108 1995 94 1996 27 1997 119 1998 34 1999 34 2000 48 2001 ..
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