Table 21. 2 Data from Southton Price Price Quantity Quantity ( dollars ) ( dollars ) ( number ) ( number ) Item Base Current Base Current* Rubber…

From the data in Table 21.3.2. What is Southton’s consumer price index for the current year and what is the rate of inflation over the base year? Show your calculations.

Table 21. 3. 2Data from SouthtonPricePriceQuantityQuantity( dollars )( dollars )( number )( number )ItemBaseCurrentBaseCurrent*Rubber Ducks1 .001 . 25100100Beach Towels9.006.001214

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