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The Consumer Price Index for Jan/19 was 252.55, and for Jan/2002 was 258.820. Calculate the inflation rate over the period wi
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Answer #1

Inflation Rate=Percentage change in CPI over the years

Jan 19 252.55

Jan 20    258.82

258.82-252.55/252.55

=6.27/252.55

=0.024*100

=2.48%

The inflation rate is 2.48%

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