Considering the data in the table shown above and 2010 as the base year, what is the inflation rate between years 2010 and 2018?
A) 0.0 percent
B) 41.7 percent
C) 17.1 percent
D) 3.4 percent

Question

Quizplus · Accepted Answer

Inflation rate is calculated as [(CPI in current year - CPI in base year) / CPI in base year] * 100

CPI in base year (2010) = 100
CPI in current year (2018) = 141.7

Inflation rate between 2010 and 2018 = [(141.7 - 100) / 100] * 100 = 41.7%

Therefore, Choice B is correct as the inflation rate between 2010 and 2018 is 41.7%. All the other choices are incorrect.

Considering the Data in the Table Shown Above and 2010