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Calculate percentage change between 2018 and 2019

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Reference no: EM132655831

Statistics South Africa (STATS SA) reveals that the consumer price index (CPI) in South Africa for the years 2017 to 2019 is described by the table below:

Year Consumer Price Index (CPI)

2017 100.0

2018 112.1

2019 120.8

Calculate the percentage change (inflation rate) between 2018 and 2019.

If the inflation rate in 2020 is estimated to 8%, what would the value of CPI be in 2020?

Reference no: EM132655831

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