Calculating the Percentage Change in Consumer Prices | Personal Finance Series

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"If the consumer price index was 232 in 2013 and 244 in 2015, how much did prices increase during this time period?"
  1. Alanis Business Academy
  2. cpi
  3. consumer prices increases
  4. cpi explained
  5. cpi calculation
  6. percentage increase cpi
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Комментарии
Автор

On what planet dividing 232 by 12 = 4.9

EAnime
Автор

Thank you sir for the video, but I have a question. Why are we not using the base year (100) as the divisor instead of 232?

tayanaliss
Автор

Hi sir, what if I got some question that not tell the amount of 2003.
Fir example: the question ask me to calculate the percentage change in general price level between 2003 and 2006 but its only given CPI of 2006? So how should I calculate that one?

nurulamisahbintimasrin
Автор

increase in CPI doesn't necessarily mean a decrease in my income considering the fact that CPI is dependant also on products that I may not use, which might've risen drastically

alumi