How to calculate Growth rate of CPI between 2 years? ex. 1929 CPI 0.171 and 1930...

Question

Question

How to calculate Growth rate of CPI between 2 years? ex. 1929 CPI 0.171 and 1930 CPI 0.167

Answer 1

Answer #1

The growth rate of CPI or which is also called as inflation can be calculated as below:

Growth rate = ((CPI 1930 - CPI 1929)/CPI 1929)*100

= ((0.167-0.171)/0.171)*100

= -2.34 percent

Answer 2

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