Consumer price index-what is the inflation rate

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Reference no: EM131093048

Consumer Price Index, Given:

Year 1 Quantity Price Burdock Vision 5 Holter Analysis System 50 $6,000 foldable wheelchair 300 $116

Year 2 Quantity Price Burdock Vision 5 Holter Analysis System 55 $5,600 foldable wheelchair 290 $190 If Year 1 is the base year, what are the year 2 indexes?

a. 95 b. 101 c. 120 d. 90 e. 80

What is the inflation rate from year 1 to year 2?

a. 10% b. 1% c. 100% d. - 10%

Reference no: EM131093048

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