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QUESTION
Suppose the CPI market basket in the base period consists of 20 litres of petrol (at R10 per litre), 2 CDs (at R130 each) and 4 movie tickets (at R28...
Suppose the CPI market basket in the base period consists of 20 litres of petrol (at R10 per litre), 2 CDs (at R130 each) and 4 movie tickets (at R28 each). In the next period petrol costs R11,25 per litre, CDs cost R125 each and movie tickets cost R30 each. The value of the market basket increased by 4,02% from the base period to the next period.
