Actual personal spending in 2007 chained dollars was $1,002.3 billion in 2015 and $1,026.2 billion in 2016. In current dollars, it was $1,115.6 billion in 2015 and $1,153.5 billion in 2016. .

Source: Statistics Canada

Calculate the chained consumer price index (CPIC) for 2015 and 2016.

Calculate the CPIC inflation rate for 2016.

Why might the CPIC inflation rate be preferred to the CPI inflation rate?

Did real consumption spending increase more or less than nominal consumption spending? Because?

Answer rating: 100% (QA)

Calculating CPIC and Inflation Rate Data 2007 chained dollars Base year 2015 Chained dollars 10023 b... View the full answer