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Calculate the inflation rate between year 1 and year 2

Assignment Help Macroeconomics
Reference no: EM131138568

Product     / Base year (year 1) / Price in the base year / Price in the base year 2 / Price in year 3
Pizza         / 25                          / $2.50                          / $3.13                              / $3.75
T- Shirts    / 2                            / $20.00                        / $18.00                            / $20.00
Rent          / 1                            / $300.00                      / $330.00                          / $360.00

1. The inflation rate between year 1 and year 2 is {___}% (round both answers to one decimal place.)

2. The inflation rate between year 2 and year 3 is {__}%.

Reference no: EM131138568

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