Hello. Please explain how to calculate.
Price Index in 2015
92
Price Index in 2016
100
Price Index in 2017
112
Price Index in 2018
123
Price Index in 2019
152
A basket of goods cost $2,418.00 in 2016
Calculate the cost of the same basket in 2015?
Calculate the cost of the same basket in 2019?
Thank you!