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If the CPI this year is 175.2 and next year the CPI is 176.1, what was the inflation rate over the year?

stfajar

wrote...

Posts: 354

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6 years ago

If the CPI this year is 175.2 and next year the CPI is 176.1, what was the inflation rate over the year?

If the CPI this year is 175.2 and next year the CPI is 176.1, what was the inflation rate over the year?

Textbook

Foundations of Macroeconomics

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

Read 77 times

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Brownr40

wrote...

#1

6 years ago

The inflation rate equals 100 (176.1 - 175.2)/(175.2) = 0.5 percent.

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