jackieec4700 jackieec4700
  • 11-03-2022
  • Business
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The CPI for this year was reported at 163.65. If inflation was 3.1 percent, what must the CPI have been last year

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ewomazinoade ewomazinoade
  • 25-03-2022

The consumer price index last year must have been 158.58.

What was the consumer price index last year?

The consumer price index is used to measure inflation. It does this by measuring the changes in the price of a basket of good.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

CPI last year = (100 - 3.1) x 163.65 = 158.58

To learn more about, consumer price index, please check: https://brainly.com/question/26382640

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