What was the inflation rate of airfare

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As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was 597.2 (using a base year of 1914 = 100). The CPI for Airfare in 2264 was 623. Based on this data, what was the inflation rate of airfare from 2263 to 2264?

Enter your answer in decimal format, 4 decimal places.

Reference no: EM131906791

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