Use the information below to calculate the consumer price, Business Economics

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Use the information below to calculate the consumer price

Use the information below to calculate the Consumer Price Index and the inflation rate. The base year is 1975.

Market basket quantity 1975 prices 1976 prices

Dozen eggs 21 1.10 1.30

Calculator 12 14.50 15.50

Microwave 5 180 180

Consumer price index of 1975? Consumer price index 1976? Inflation rate for 1976?

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Business Economics: Use the information below to calculate the consumer price

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Business Economics: Use the information below to calculate the consumer price

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