Question: A consumer has two goods in his consumption bundle: bread and coffee. The current price of bread is $3.00 per loaf and the price of

A consumer has two goods in his consumption bundle: bread and coffee. The current price of bread is $3.00 per loaf and the price of coffee is $3.00 per cup.

This consumer currently buy 2 loaves of bread per week and 2 cups of coffee.

Suppose that the price of bread increases by 10% and the price of coffee increases by 15%

Using this current consumption bundle, calculate the value of the CPI for this consumer. CPI=. (Enter your response rounded to two decimal places.)

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