Question: This page has 2 questions worth 2.5 points each. Use the table below to calculate CPI and inflation rates. Year Price of Market Basket 2018

This page has 2 questions worth 2.5 points each. Use the table below to calculate CPI and inflation rates. Year Price of Market Basket 2018 (Base Year) 1,084 2019 1,160 Question 1: What is CPI for 2019? Round your answer 2 decimal places. Question 2: If CPI in 2018 is 100, what is the inflation rate for 2019? Round your answer 2 decimal places. percent

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