Refer to Table 9-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate
1 answer:
The inflation rate between 2017 and 2018 is 2.86%.
<h3>What is the inflation rate?</h3>
Inflation rate is used to determine the rate at which the general price levels in an economy is increasing with the passage of time.
The inflation rate = (2018 CPI / 2017 CPI) - 1
(180 / 175) - 1 = 0.0286 = 2.86%
To learn more about CPI, please check: brainly.com/question/26382640
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