Explore BrainMass

Consumer Price Index

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

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.

© BrainMass Inc. brainmass.com September 20, 2018, 3:46 am ad1c9bdddf - https://brainmass.com/economics/inflation/consumer-price-index-engineering-economics-37574

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.