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Suppose a basket of goods and services has been selected to calculate the cpi and 2012 has been selected as the base year. In 2012, the basket's cost was $77; in 2013, the basket's cost was $82; and in 2014, the basket's cost was $90. The value of the cpi in 2014 was 109.8 and the inflation rate was 16.9%. 116.9 and the inflation rate was 9.8%. 109.8 and the inflation rate was 9.8%. 116.9 and the inflation rate was 16.9%

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77 + 82 = 159 - 109.8 + 116.9 = 275 .9 total rate
User Rolston
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