Solved: General inflation and price escalation, Macroeconomics

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General inflation and price escalation

Question: Here is a Consumer Price Index and the average annual price of gas for 10 yrs interval.

                         1990 2000
----------------------------------------------------------------
CPI                   120.7    152.3
Price of Gas (A$) 0.99      1.40

What is the Real price of Gas (R$ in 1990) and also in 2010?

Assume that general inflation and price escalation continued at the same rate for another 10 years. Please, use MS Excel for this.

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Macroeconomics: General inflation and price escalation

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Macroeconomics: General inflation and price escalation

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