Solution-Calculate the annual rate of inflation

Calculate the annual rate of inflation

Reference no: EM131445378

The rate of inflation is calculated as a percentage change in the Consumer Price Index 'CPI' from one year to the next, where the subscript 't' means "this year" and 't-1' means last year. If the value of the CPI in 2010 was 218.1 and the value of the CPI in 2011 was 224.9, then the annual rate of inflation over that period was _________%.

Reference no: EM131445378

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Calculate the annual rate of inflation

Reference no: EM131445378

Reference no: EM131445378

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