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4. What is the consumer price index (CPI) and how is it constructed? Construct the CPI and provide the inflation rate fo
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4. What is the consumer price index (CPI) and how is it constructed? Construct the CPI and provide the inflation rate for the example data: Table 2: Construction of a CPI (1) Good (4) Base Year Base Year Base Year Unit Price (5) Current Year Unit Price Current Year Expenditure Quantity Expenditure Pizza 2/YR 10.00 / 12.00/ Soda 25/ 2.50%/ 1 m/YR Total