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Consider a simple economy below that produces only three
products. Use the information in the following table to calculate
the CPI for each of the three years, and then to calculate the
inflation rate for 2012-2014 and for 2014-2015 as measured by the
CPI

base year 2012 2014 2015
product quantity price price price
haircuts 2 20 22 25
hamburgers 10 4 4.2 4.5
dvds 6 15 15 14