Suppose we have the following consumer price index (CPI) data for a nation: Year CPI 2016 225.09 2017 216.48 2018 224.20 Calculate the inflation rate from 2017 to 2018. Answer this as a percentage and round your answer to two digits after the decimal without the percentage. ex. If you found the inflation rate to be 5.125%, answer 5.13.
Suppose we have the following consumer price index (CPI) data for a nation: Year CPI 2016 225.09 2017 216.48 2018 224.20 Calculate the inflation rate from 2017 to 2018. Answer this as a percentage and round your answer to two digits after the decimal without the percentage. ex. If you found the inflation rate to be 5.125%, answer 5.13.
Chapter13: Inflation
Section: Chapter Questions
Problem 8SQP
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Question
Suppose we have the following
| Year | CPI |
| 2016 | 225.09 |
| 2017 | 216.48 |
| 2018 | 224.20 |
Calculate the inflation rate from 2017 to 2018. Answer this as a percentage and round your answer to two digits after the decimal without the percentage. ex. If you found the inflation rate to be 5.125%, answer 5.13.
Be careful here. The table looks the same as the previous question but the numbers are different!
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