Question #80801
Suppose that the CPI for July 2013 is 101.9 (with 2012 = 100) and the CPI for July 2014 is 108.8. The inflation rate between July 2013 and July 2014 is...
1) 1.9%
2) 8.8%
3) 6.8%
4) None of the above
1) 1.9%
2) 8.8%
3) 6.8%
4) None of the above
Expert's answer
(108.8 – 101.9) / 108.8 * 100% = 6.3%
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