Assume the current CPI (2018) is 252.439 and the CPI for 2009 is 215.969 . Mark consumes apples. In year 2009, red apples cost $1 each and green apples cost $2 each. In year 2009, red apples cost $1 each and green apples cost $2 each. In year 2018, red apples cost $1.16 each and green apples cost $2.45 each. Is the rate of inflation for red apples greater than or less than the CPI over the same period of time? What about green apples?
Assume the current CPI (2018) is 252.439 and the CPI for 2009 is 215.969 . Mark consumes apples. In year 2009, red apples cost $1 each and green apples cost $2 each. In year 2009, red apples cost $1 each and green apples cost $2 each. In year 2018, red apples cost $1.16 each and green apples cost $2.45 each.
Is the rate of inflation for red apples greater than or less than the CPI over the same period of time? What about green apples?
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