The table below lists the prices of chips and salsa for the months of October, November, and December. Assume that the typical consumer buys 8 bags of chips and 4 jars of salsa each month, and that October is the base period.
$\begin{array} { | l | l | l | }
\hline \text { Month } & \text { Price of Chips } & \text { Price of Salsa } \
\hline \text { October } & \$ 2.50 & \$ 2.50 \
\hline \text { November } & \$ 2.40 & \$ 2.55 \
\hline \text { December } & \$ 2.60 & \$ 2.75 \
\hline
\end{array}$
-Refer to Table 24-6. Calculate the inflation rate for February.

Question

The table below lists the prices of chips and salsa for the months of October, November, and December. Assume that the typical consumer buys 8 bags of chips and 4 jars of salsa each month, and that October is the base period.
$\begin{array} { | l | l | l | } 
\hline \text { Month } & \text { Price of Chips } & \text { Price of Salsa } \
\hline \text { October } & \$ 2.50 & \$ 2.50 \
\hline \text { November } & \$ 2.40 & \$ 2.55 \
\hline \text { December } & \$ 2.60 & \$ 2.75 \
\hline
\end{array}$
-Refer to Table 24-6. Calculate the inflation rate for February.

Quizplus · Accepted Answer

The Answer of The table below lists the prices of chips and salsa for the months of October, November, and December. Assume that the typical consumer buys 8 bags of chips and 4 jars of salsa each month, and that October is the base period.
$\begin{array} { | l | l | l | } 
\hline \text { Month } & \text { Price of Chips } & \text { Price of Salsa } \
\hline \text { October } & \$ 2.50 & \$ 2.50 \
\hline \text { November } & \$ 2.40 & \$ 2.55 \
\hline \text { December } & \$ 2.60 & \$ 2.75 \
\hline
\end{array}$
-Refer to Table 24-6. Calculate the inflation rate for February.

The Table Below Lists the Prices of Chips and Salsa