Suppose Bernard consumes only chicken and Celest consumes only beef. If the CPI for chicken increased by 5% while the CPI for beef decreased by 4%, which of the following statements are likely to be true?
(i) Compared to before, Bernard pays more for the same amount of chicken now.
(ii) Compared to before, Celest pays less for the same amount of beef now.
(iii) Bernard and Celest’s overall food inflation experiences are different.
(iv) Bernard and Celest’s overall food inflation experiences are the same.