Determine what is this year rate of inflation

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Reference no: EM13177720

If the CPI was 120 last year and is 132 this year, what is this year's rate of inflation?

Instructions: Round your answer to two decimal places.

_____%

In contrast, suppose that the CPI was 120 last year and is 118 this year. What is this year's rate of inflation?

Instructions: Round your answer to two decimal places.

______%

Reference no: EM13177720

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