Answered: Use the CPI provided in the table below… | bartleby

Mathematics For Machine Technology

Mathematics For Machine Technology

8th Edition

ISBN:9781337798310

Author:Peterson, John.

Publisher:Peterson, John.

Chapter34: Customary Micrometers

Section: Chapter Questions

Problem 67A

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Use the CPI provided in the table below for the following question.
Year
CPI
Year
CPI
2002
100.0
2011
119.9
2003
102.8
2012
121.7
2004
104.7
2013
122.8
2005
107.0
2014
125.2
2006
109.1
2015
126.6
2007
111.5
2016
128.4
2008
114.1
2017
130.4
2009
114.4
2018
133.4
2010
116.5
Calculate the inflation rate for the period 2008 to 2017.
Round to one decimal place if necessary
15
%23

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