Question: Data from Southton Price (dollars) Price (dollars) Quantity (number) Quantity (number) Item Base Current Base Current Rubber Ducks Beach Towels 1.05 9.00 1.26 6.00 105

Data from Southton

Price

(dollars)

Price

(dollars)

Quantity

(number)

Quantity

(number)
Item Base Current Base Current

Rubber Ducks

Beach Towels

1.05

9.00

1.26

6.00

105

12

100

14
Apples 2.00 4.00 10 15

1)Refer to Table

a)From the data in Table 21.3.2. What is Southton's consumer price index for the current year? Show your calculations.

b) What is the rate of inflation over the base year? Show your calculations.

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