(Answered) What does the CPI in the base year equal? Explain your answerWhat does the CPI in the base year…

Written by

in

➤ How do you calculate CPI for other years using the base year?
Divide the total cost of the fixed basket in the target year by the total cost in the base year, then multiply by 100. The result is the CPI for that year. This Laspeyres-style calculation shows the percentage change in the basket’s cost relative to the base period.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *