In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the base year is 2,004 and the price of such material during that year was SR 8.54 per liter. What is the average inflation rate between the given periods? Write your answer in decimal format and round-off only the final answer in four decimal places.

In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the base year is 2,004 and the price of such material during that year was SR 8.54 per liter. What is the average inflation rate between the given periods? Write your answer in decimal format and round-off only the final answer in four decimal places.

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

ChapterP2: Part 2: Exchange Rate Behavior

Section: Chapter Questions

Problem 3Q

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