The following table shows the UK consumer prices index for the years 2013-16 based on 2014=100. Year CPI 2013 87.50 2014 100.00 2015 102.30 2016 108.95 Calculate the rate of inflation between 2013 and 2014 to 1 decimal place. A) 8.9% B) 6.6% C) 9.8% D) 14.3% E) 8.8%

ECON MACRO
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ISBN:9781337000529
Author:William A. McEachern
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Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
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4.
The following table shows the UK consumer prices index for the years 2013-16
based on 2014=100.
Year
CPI
2013
87.50
2014
100.00
2015
102.30
2016
108.95
Calculate the rate of inflation between 2013 and 2014 to 1 decimal place.
A) 8.9%
В) 6.6%
C) 9.8%
D) 14.3%
E) 8.8%
Transcribed Image Text:4. The following table shows the UK consumer prices index for the years 2013-16 based on 2014=100. Year CPI 2013 87.50 2014 100.00 2015 102.30 2016 108.95 Calculate the rate of inflation between 2013 and 2014 to 1 decimal place. A) 8.9% В) 6.6% C) 9.8% D) 14.3% E) 8.8%
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