Question: DIRECTION: Answer the following problems on a SEPARATE SHEET OF PAPER A. Compute for the Rate of Inflation Category Relative Importance % Change from a

DIRECTION: Answer the following problems on a SEPARATE SHEET OF PAPER

DIRECTION: Answer the following problems on a SEPARATE SHEET OF PAPER A. Compute for the Rate of Inflation Category Relative Importance % Change from a Foods and beverages year ago | % per 30 5/8 year Housing Apparel 8 5/6 15 7/B Transportation 4 2/3 51/4 15 3/4 3 416 Medical Care 10 7/8 80 3/4 Recreation 2 5/10 12 1/3 Education and Communication 20 5/8 2 6/8 3 Other goods and services 61/8 TOTAL 100 4 115 B. Complete the Table Year CPI Rate of Inflation Purchasing Power 2007 100 100 2008 105 7/8 2009 108 2/3 2010 109 4/10 2011 110 1/5 2012 111 5/6 2013 112 1/6 2014 113 3/4 2015 114 1/8 2016 116 1/3 118 1/2 2017 121 2/5 2018 122 3/8 2019 123 7/10 2020 128 3/5 2021 140 1/4 2022

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