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Oliga [24]
2 years ago
15

The price index was 120 in Year 1 and 126 in Year 2. What was the inflation rate

SAT
1 answer:
zavuch27 [327]2 years ago
8 0

Based on the price index in the first and second years, the inflation rate is 5%.

<h3>How can the inflation rate be found?</h3>

Given the price index, the inflation rate is:

= ( Year 2 - Year 2) / Year 1 x 100

Solving for inflation gives:

= (126 - 120) / 120 x 100

= 0.05 x 100

= 5%

Find out more on the price index at brainly.com/question/1889164

#SPJ1

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