If the consumer price index rises from 300 to 333 in a particular year,the rate of inflation in that year is:
A)11 percent
B)33 percent
C)91 percent
D)10 percent
E)99 percent

Name: If the consumer price index rises from 300 to 333 in a particular year,the rate of inflation in that year is: A)11 percent B)33 percent C)91 percent D)10 percent E)99 percent
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Question

Quizplus · Accepted Answer

The rate of inflation is calculated as ((333 - 300) / 300) * 100 = 11 percent.

If the Consumer Price Index Rises from 300 to 333