Question: Hey please provide all the work for this question if it can be done. 3. Create an excel file for table below and calculate the

Hey please provide all the work for this question if it can be done.

3. Create an excel file for table below and calculate the inflation between the base year and the next year using Laspeyres Index. Please write down the formulas and your work and calculations as well. Category of Percentage of Price of each Price of each Consumption x Consumption category in the base category in the next year pi year pi Food 12 90 91 Entertainment 18 88 93 Clothing 20 80 94 Other goods 25 121 103 Other services 25 88 91

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