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How much does cpp need to increase in 2021

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You bought $1000 shares of a company in 2000 for $10 per share. The shares rose to $15 in 2020. Inflation rose by 20% during the same period. What has happened to your purchasing power?

Canadian CPP is adjusted for inflation. Assume the CPI in 2020 was 110 and rose to 125 in 2021. How much does CPP need to increase in 2021 to keep the purchasing power of retirees constant?

Reference no: EM133133654

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