Assume the CPI increases from 137.4 to 140.6 over the period. What is the inflat

Question

Assume the CPI increases from 137.4 to 140.6 over the period. What is the inflation rate implied by this CPI change over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Assume the CPI increases from 137.4 to 140.6 over the period. What is the inflation rate implied by this CPI change over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Explanation / Answer

[(140.6 - 137.4) / 137.4 ] x 100 = 2.33%

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