The inflation rate is calculated by comparing the percentage change in the CPI. If the base year is 1970 and the 2016 price index is 135 , purchases of $7 comma 000 of goods in the base year would cost $ nothing for the same goods in 2016. (Round your response to the nearest whole number. )
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Home » Business » The inflation rate is calculated by comparing the percentage change in the CPI. If the base year is 1970 and the 2016 price index is 135 , purchases of $7 comma 000 of goods in the base year would cost $ nothing for the same goods in 2016.