How do I find inflation? (1 Viewer)

poptarts12345

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According to the data, which CPI expenditure group contributes most to the inflation rate?
a.Food
b.Health
c.Clothing
d.Housing

Why is the answer D?
 

Kangaaroo

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Housing has a 15% weighting factor and has experienced 15% inflation.

0.15 * 15% = 2.25% - this is how much housing has contributed to overall inflation.

If you calculate the same figure for the other 3 options, you'll get a) = 2%, b) = 2%, and c) = 1.5%.

This means that housing has had the greatest influence on inflation and so that is the correct answer.
 

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