i. QUESTION THRee Consider the below information which reflects the changes in prices and quantities of each individual good in hypothetical economy. PRICES ii. ITEM Cotton Clothes Soft drinks QUANTITIES ITEM Cotton Clothes Required Soft drinks 2021 Tsh. 10 Tsh. 20 Tsh. 30 2021 200 400 600 2022 Tsh. 20 Tsh. 24 Tsh. 50 2022 250 450 650 2023 Tsh.14 Tsh.26 Tsh.48 2023 300 500 700 Compute the Consumer Price INDEX for year 2021, 2022 and 2023 using a base year. Determine the percentage increase of inflation from 2022 to 2023.
