Prices for fresh fruit went up 9% last year and 3% this year. What is the average inflation rate percentage for fresh fruit over the 2-year period? Enter your answer as a percentage rounded to the nearest tenth of a percent.

Prices for fresh fruit went up 9% last year and 3% this year. What is the average inflation rate percentage for fresh fruit over the 2-year period? Enter your answer as a percentage rounded to the nearest tenth of a percent.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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