If the CPI was 100 in the base year and 110 in the following year,what was the inflation rate?
A)10 percent
B)11 percent
C)100 percent
D)110 percent

Name: If the CPI was 100 in the base year and 110 in the following year,what was the inflation rate? A)10 percent B)11 percent C)100 percent D)110 percent
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Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the CPI from one year to the next. In this case, the CPI increased from 100 to 110, which is a 10% increase.

If the CPI Was 100 in the Base Year and 110