The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2015. The average household spent $34 on juice and $24 on cloth in 2015 when the price of juice was $2 a bottle and the price of cloth was $8 a yard. In the current year, 2016, juice is $4 a bottle and cloth is $7 a yard. CPI in 2016 was . Round up your answer to a full number. The inflation rate in 2016 was percent.
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The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought i...
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