Question: Price Price Quantity Quantity (dollars) (dollars) (number) (number) Item Base Current Base Current Rubber Ducks 1.05 1.26 110 100 Beach Towels 9.00 6.00 13 14

Price Price Quantity Quantity (dollars) (dollars) (number) (number) Item Base Current Base Current Rubber Ducks 1.05 1.26 110 100 Beach Towels 9.00 6.00 13 14 1) Refer to Table 21.3.2. From the data in Table 21.3.2. What is Southton's consumer price index for the current year and what is the rate of inflation over the base year? Show your calculations. (4 Marks)

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