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3 years ago

If the consumer price index changes from 125 in september to 150 in october, what is the rate of inflation?.

1 answer:

4 0

The rate of inflation is 20%.
In September price is = 125
And in October price = 150
rate of inflation = (150 -125)/125 x 100
= 25/125 x 100
=0.2 x 100 = 20%

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To find the PV using a financial calculator:

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