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What is the rate of inflation over the base year

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Reference no: EM132476627

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.

Reference no: EM132476627

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