(Answered) Nbspcpi200420042005200520062006nbspnbspnbspnbspnbspnbspnbspn

Economics

	CPI	2004	2004	2005	2005	2006	2006

		Quantity	Price	Quantity	Price	Quantity	Price
Tea	2	3	1	4	1.5	5	1.5
Biscuits	4	6	2	7	2	8	3
Coffee	3	4	1	6	1	6	2
Bagels	5	6	3	8	4	9	4

1. What's the CPI in the year 2005? (2004 Base Year)

2. What's the inflation rate for the year 2006 (Using the CPI)

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Microeconomics, Economics

Category:- Microeconomics
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