The following table shows data on the Consumer Price Index over the past few years. Year 2014 98 CPI 2015 97 2016 96 2017 95 2018 94 2019 97 What was the inflation rate from 2015 to 2016? % (Record your answer to two decimal places.) Tir

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 35P: With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years?...
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The following table shows data on the Consumer Price Index over the past few years.
Year
2014 98
CPI
2015 97
2016 96
2017 95
2018 94
2019
97
What was the inflation rate from 2015 to 2016?
% (Record your answer to two decimal places.)
Tir
Transcribed Image Text:The following table shows data on the Consumer Price Index over the past few years. Year 2014 98 CPI 2015 97 2016 96 2017 95 2018 94 2019 97 What was the inflation rate from 2015 to 2016? % (Record your answer to two decimal places.) Tir
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