Calculate the Consumer Price Index (to one decimal place) and
the Inflation Rate (to two decimal places) for the following
years.
The value of the market basket in the base year was $1110.
Year Value of Market Basket Consumer Price Index (CPI) Inflation
Rate
2000 $ 1320.00
2001 $ 1385.00
2002 $ 1460.00
2003 $ 1520.00
2004 $ 1560.00
2005 $ 1540.00
b) In which year(s) did deflation occur?
c) In which year(s) did disinflation occur?
d) In which year(s) did hyperinflation occur?
e) Mr Mark Chans annual salary in the year 2001 was S$30,000 and
it increased to S$30,900 in the year 2002. What has happened to Mr
Chans standard of living in the year 2002? Has it increased,
decreased or remained the same?
f) Which year is the base year?
errr..how to do? 
and thanks! 
