The table below lists the prices of chips and salsa for the

Last updated: 3/22/2023

The table below lists the prices of chips and salsa for the year 2018 2019 2020 Assume that the typical consumer buys 8 bags of chips and 4 jars of salsa each month and that 2019 is the bas period Year 2018 2019 2020 Price of Chips 2 50 2 40 2 60 Price of Salsa 2 50 2 55 2 75 Refer to Table 24 7 Calculate the inflation rate for 2020