Assume the consumer basket consists of 400 kgs of apples and 300 kgs of mangoes. In...
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Assume the consumer basket consists of 400 kgs of apples and 300 kgs of mangoes. In the base year 2015 price of 1 kg of apples was 2.5€/kg, and in 2016 - 2€/kg. In 2016 price of 1 kg of mangoes was 6€/kg, and in 2016-6.5€/kg. A. Calculate CPI in 2015 and 2016 and explain the results. (10 points) B. Calculate the inflation rate in 2016 and explain the result. (5 points) Assume the consumer basket consists of 400 kgs of apples and 300 kgs of mangoes. In the base year 2015 price of 1 kg of apples was 2.5€/kg, and in 2016 - 2€/kg. In 2016 price of 1 kg of mangoes was 6€/kg, and in 2016-6.5€/kg. A. Calculate CPI in 2015 and 2016 and explain the results. (10 points) B. Calculate the inflation rate in 2016 and explain the result. (5 points)
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