If the cost of health and personal care increases by 40 percent,then,other things the same,how much is the CPI likely to increase?

Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) is a measure that examines the weighted average of prices of a basket of consumer goods and services. Health and personal care typically make up a small portion of the CPI basket, so a 40% increase in this category would likely result in about a 2% increase in the overall CPI, assuming other categories remain constant.

If the Cost of Health and Personal Care Increases by 40