Use the information in the table to calculate the inflation rate. The base year is 1989. Market basket 1989 Prices 1990 Quantity 1990 Prices 1991 Quantity 1991 Prices Frozen peas 0.90 29 0.70 37 0.80 Wool slacks 30.00 11 25.00 20 60.00 Cellular car phone 300.00 400.00 17 500.00 What is the annual inflation rate for 1991? Enter your answer as a percent rounded to two places after the decimal. 1991 annual inflation rate:

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