Asked by Anonymous
In 1995 the CPI for all items was 152.4. Find the price in 1995 of a typical item that had an average price of $5 during the years 1982 to 1984.
Answers
Answered by
drwls
If the baseline (100) period for the CPI is 1982-1984, then the typical price of a $5 item at that time would be 5 x 1.524 = $7.62 in 1995.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.