The market basket used to calculate the CPI in Aquilonia is 4 loaves of bread,6 gallons of milk,2 shirts,and 2 pairs of pants.In 2005,bread cost $1.00 per loaf,milk cost $1.50 per gallon,shirts cost $6.00 each,and pants cost $10.00 per pair.In 2006,bread cost $1.50 per loaf,milk cost $2.00 per gallon,shirts cost $7.00 each,and pants cost $12.00 per pair.Using 2005 as the base year,what was Aquilonia's inflation rate in 2006?
A)4 percent
B)11 percent
C)19.6 percent
D)24.4 percent

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The Answer of The market basket used to calculate the CPI in Aquilonia is 4 loaves of bread,6 gallons of milk,2 shirts,and 2 pairs of pants.In 2005,bread cost $1.00 per loaf,milk cost $1.50 per gallon,shirts cost $6.00 each,and pants cost $10.00 per pair.In 2006,bread cost $1.50 per loaf,milk cost $2.00 per gallon,shirts cost $7.00 each,and pants cost $12.00 per pair.Using 2005 as the base year,what was Aquilonia's inflation rate in 2006?
A)4 percent
B)11 percent
C)19.6 percent
D)24.4 percent

The Market Basket Used to Calculate the CPI in Aquilonia