A typical consumer in Torania has a market basket consisting of 7 lemons, 9 guavas,
and 5 grapefruits. The data table below provides information on Torania's prices of
lemons, guavas, and grapefruits from 2013 through 2015.
2013
2014
2015
Price per unit of lemons
$1.5
$1.9
$2.3
Price per unit of guavas
$1.8
$1.9
$2
Price per unit of grapefruits $1.5
$1.8
$2.1
CPI
Annual inflation rate
Given the base year is 2013, input the information into the table above. That is,
calculate the CPI in 2014 and 2015 (round to at least 1 decimal place), and the
inflation rate between 2014 and 2015 (round to at least 2 decimal places and do NOT
include % sign).