Suppose the CPI has a value of 225.3 exactly one year ago, and the current value of this index is 231.16, a rise of 5.86 points.
What was the rate of inflation over the past year?
1 answer:
Answer:
2.6%
Step-by-step explanation:
Given the current CPI = 231.56
Previous CPI (CPI a year ago) = 225.3
Rate of inflation over the past year = current CPI - previous CPI/previous CPI × 100%
Rate of inflation = 231.56-225.3/225.3 × 100%
5.86/225.3× 100%
= 2.6%
Rate of inflation over the past year will be 2.6%
You might be interested in
Answer:
Since she read half of the book, it's 50%+ the 40% she read yesterday, that make 90%.So she is left with 10%
I think the value of x is 15
Answer:
7/2
Step-by-step explanation:
Round 6 3/4 to 7
Round 1 1/2 to 2
7 divided by 2
=7/2
A
Step-by-step explanation:
