Between October 2014 and October 2015,the CPI in Canada rose from 120 to 124 and the CPI in Mexico rose from 210 to 229.1.What were the inflation rates for Canada and Mexico over this one-year period?
A)3.3 percent for Canada and 9.1 percent for Mexico
B)3.3 percent for Canada and 8.3 percent for Mexico
C)3.2 percent for Canada and 9.1 percent for Mexico
D)3.2 percent for Canada and 8.3 percent for Mexico

Question

Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the CPI over a period of time. For Canada, the inflation rate is (124-120)/120 * 100 = 3.3%. For Mexico, the inflation rate is (229.1-210)/210 * 100 = 9.1%.

Between October 2014 and October 2015,the CPI in Canada Rose