Use the table below to calculate the CPI in 2007.Assume the base year is 2006 and the cost of the market basket in the base year is $200.
The CPI in 2007 is
Definitions:
Raw Materials
Basic substances in their natural, modified, or semi-processed states used as inputs for production.
Distribution
The process of making goods or services available to consumers through various channels.
Downstream Activity
Processes in the supply chain that occur after the production phase, such as distribution, marketing, and sales to the end consumer.
SCM
Supply Chain Management, the handling of the entire production flow of a good or service — from the raw components all the way to delivering the final product to the consumer.
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