5 (HL only) Using the data from the table, a construct a consumer price index using 2016 as the base year. b Identify the weights you are using. c Calculate the rates of inflation/deflation for the years 2015-2016, 2016-2017, 2017-2018. d Identify the years when inflation/deflation/disinflation occurred, and explain your conclusions. e Construct a new price index using 2017 as the base year. f Calculate the rates of inflation/deflation for the same three-year periods as in question (c). g Compare the rates of inflation/deflation you found using the two price indices (they should be the same!). h Explain whether or not it would it make sense to compare an index number from the first price index with an index number from the second price index. Good/ service Quantity in Price per unit in Price per unit in Price per unit in Price per unit in basket 2015 (E) 2016 (E) 2017 (E) 2018 (E) Pizzas 25 7 6 7 6 Movie tickets 9 15 17 18 18 Bus rides 47 2 4 4 3