Homework Answers
1) As of april 30, 2019 the current CPI is 229.26
2) As of April 30, 2018 the CPI is 225.12
3) calculating the inflation rate:
CPI of 2019 = 229.26
CPI of 2018 = 225.12
Inflation rate = ((229.26 - 225.12)/225.12) * 100
= 1.84%
4) As the inflation rate is 1.84% which is positive, thus this is
Inflation
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