If the Consumer Price Index was 150 in one year and 156 in the next year,...
If the Consumer Price Index was 150 in one year and 156 in the next year, then the rate of inflation from one year to the next was approximately:
a. 5 percent
b. 15 percent
c. 4 percent
d. 6 percent
Homework Answers
Rate of inflation = change in CPI*100 / initial CPI
= (156-150)*100/150= 4%
c. 4 percent is correct
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If the Consumer Price Index was 150 in one year and 156 in the
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