The cpi for 1960 was 296 and the cpi for 2015 was 237a what, Ask an Expert

Economics

The CPI for 1960 was 29.6 and the CPI for 2015 was 237.

a) What was the average annual rate of inflation for consumer goods between 1960 and 2015?

b) A loaf of bread sold for about 20 cents in 1960. What did a loaf of bread cost then in terms of 2015 dollars?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711143

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