If the CPI this year is 220 and was 200 in last year, the annual inflation rate between the two years is
A) 10 percent.
B) 2 percent.
C) 20 percent.
D) 5 percent.

Name: If the CPI this year is 220 and was 200 in last year, the annual inflation rate between the two years is A) 10 percent. B) 2 percent. C) 20 percent. D) 5 percent.
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((CPI this year - CPI last year) / CPI last year) * 100. So, ((220 - 200) / 200) * 100 = 10 percent.

If the CPI This Year Is 220 and Was 200