n 2021, the Woodland Republic Bureau of Statistics publication indicated thatthe  Consumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5 in 2020. Calculate Woodland Republic’s inflation rate in 20

Economics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter8: Economic Fluctuations, Unemployment, And Inflation
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In 2021, the Woodland Republic Bureau of Statistics publication indicated thatthe  Consumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5 in 2020. Calculate Woodland Republic’s inflation rate in 2021. 

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