Following: of, say, 5% p. a.?
Use Method I to investigate, through calculation and discussion,
1
(a) Suppose you currently have R 500,00. How much worth of goods
services will you be able to buy in five years with a rate of inflation
(b) Stats SA calculated the South African CPI for Food and
non-alcoholic beverages were to be the same for the next five years,
2010 to August 2011. If this average inflation rate for Food
how much worth of Food and non-alcoholic beverages will you be
(c) Stats SA calculated the South African CPI for Oils and fats to be
able to buy in five years if you currently have R1 500,00?
If this average inflation rate for Oils and fats were to be the same
approximately 24% for the period September 2010 to August 2011
for the next two years, how much worth of Oils and fats will you​