Please calculate CPI and inflation using the following basket of goods (round outlays (for calculations] and all other answers to the second decimal place when necessary) Goods Average Qty Avg. Price 2021 Clothing 15 $200 Cell Phone Plan 11 $75 Housing 10 $1,250 Milk 30 $3 Streaming Services 22 $19 Vehicle Payments 10 $450 BASE YEAR OUTLAY - $14,000.00 2020 CPI = 147 What is the 2021 CPI? What was the inflation rate from 2020 to 2021?

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Please calculate CPI and inflation using the following basket of goods (round outlays [for
calculations] and all other answers to the second decimal place when necessary)
Goods
Average Qty Avg. Price 2021
Clothing
15
$200
Cell Phone Plan
11
$75
Housing
10
$1,250
Milk
30
$3
Streaming Services
22
$19
Vehicle Payments
10
$450
BASE YEAR OUTLAY = $14,000.00
2020 CPI = 147
What is the 2021 CPI?
What was the inflation rate from 2020 to 2021?
Transcribed Image Text:Please calculate CPI and inflation using the following basket of goods (round outlays [for calculations] and all other answers to the second decimal place when necessary) Goods Average Qty Avg. Price 2021 Clothing 15 $200 Cell Phone Plan 11 $75 Housing 10 $1,250 Milk 30 $3 Streaming Services 22 $19 Vehicle Payments 10 $450 BASE YEAR OUTLAY = $14,000.00 2020 CPI = 147 What is the 2021 CPI? What was the inflation rate from 2020 to 2021?
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