Monday, February 15, 2016

If the CPI this year is 175.2 and next year the CPI is 176.1, what was the inflation rate over the year?



If the CPI this year is 175.2 and next year the CPI is 176.1, what was the inflation rate over the year?

#Parkin #11edition #Unemployment #CPI #Inflation #Chapter22

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1 comment:

  1. Rully MangunsongFebruary 15, 2016 at 1:56 AM

    Answer: The inflation rate equals 100 × [(176.1 - 175.2) ÷ 175.2] = 0.5 percent.

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