Question

CPI Brazil (2008): 166
CPI Brazil (2000): 60

Base Year Brazil: 2001

When calculating the Inflation Rate from 2000 - 2008 do I use 2001 as the base year and use 100 as the CPI for the previous year or do I use the CPI in 2000 which is 60?

Answer 1

It's implying that the index in 2001, the base year, is 100. You leave the numbers for 2000 and 2008 as they are.