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Microeconomics is a branch of economics that studies the market behavior of individual actors (usually firms and consumers) and the aggregation of their actions in different institutional frameworks (usually the market).
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Inflation adjustment: CPI less than one
I need help on how to adjust my figures by inflation.
I have two pieces of data. The first one is a company's nominal expenditures during the 2015-2020 period:
2015:$1,177,237
2016:$1,915,074
2017:$1, …
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Calculate CPI of multiple price indexes
I need to calculate the composite CPI of a basket of products. Each product is measured as its own standalone price index.
Note how 2016 = 100
2014 2015 2016 2017 2018
Rubber 119 …