Answers
Ans:
| Year | Cost of basket ( $) | CPI | Inflation rate |
| 2010 | 18,000 | 100 | - |
| 2011 | 21,500 | 119.4 | 19.4 |
| 2012 | 22,500 | 125.0 | 4.7 |
| 2013 | 26,150 | 145.3 | 16.2 |
| 2014 | 28,850 | 160.3 | 10.3 |
| 2015 | 32,500 | 180.6 | 12.7 |
Explanation:
CPI = (Current year cost / Base year cost ) * 100
Inflation rate = (( Current year CPI - Previous year CPI ) / Previous year CPI ) * 100
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