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Data from Southton
Price Price Quantity Quantity
(dollars) (dollars) (number) (number)
Item Base Current Base Current
Rubber Ducks 1.05 1.26 110 100
Beach Towels 9.00 6.00 13 14
1) Refer to Table. From the data in Table What is Southton's consumer price index for the current year and what is the rate of inflation over the base year? Show your calculations.
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