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What is the inflation rate in 2018

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Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli and carrots. In 2017 they buy 100 heads of cauliflower for $ 200, 50 bunches of broccoli for $ 75 and 500 carrots for $ 50. In 2018 they buy 75 heads of cauliflower for $ 225, 80 bunches of broccoli for $ 120 and 500 carrots for $ 100. If the base year is 2017, what is the CPI in both years? What is the inflation rate in 2018?

Reference no: EM132518492

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