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    Consumer Price Index

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    Here is a Consumer Price Index and the average annual price of gas for 10 yrs interval.
    1990 2000
    CPI 120.7 152.3
    Price of Gas (A$) 0.99 1.40

    What is the Real price of Gas (R$ in 1990) and also in 2010?
    Assume that general inflation and price escalation continued at the same rate for another 10 years. Please, use MS Excel for this.

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    Solution Summary

    The Real price of Gas (R$ in 1990) and also in 2010 is examined. The consumer price index for engineering economics is provided.