Raj has five items in his food basket burger, pizza, sandwich, noodles and hotdog. Based on his average consumption, the food basket is created with the quantity of each food item. The basket was created based on his consumption in Year which was further dependent on the prices in Year In Year however, there was a slight increase in the prices.BasketPrices Year Prices Year BurgerPizzaSandwichNoodlesHotdogConsidering that Rajs consumption remains the same as the basket, what is the inflation rate for Year prices over the fiveyear period?

Answer rating: 100% (QA)

Answer To calculate the inflation rate for Year 1 prices over the fiveyear period we can use the for... View the full answer