If the CPI was 128 at the end of 2016 and 136 and the end of 2017, what was the inflation rate in 2017?
A)9.4 percent
B)8 percent
C)4.2 percent
D)6.25 percent
E)5.9 percent

Name: If the CPI was 128 at the end of 2016 and 136 and the end of 2017, what was the inflation rate in 2017? A)9.4 percent B)8 percent C)4.2 percent D)6.25 percent E)5.9 percent
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Question

Quizplus · Accepted Answer

Inflation rate = ((New CPI - Old CPI) / Old CPI) x 100%
= ((136-128) / 128) x 100%
= 6.25%
Therefore, the inflation rate in 2017 was 6.25%.

If the CPI Was 128 at the End of 2016