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What is the inflation rate between 2013 and 2017 if the price indexes were 233 and...

What is the inflation rate between 2013 and 2017 if the price indexes were 233 and 270 respectively? Answer: inflation rate: 3.75% Annual percent increase from 2013-2017: 15.88%

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Answer #1

Ans) 15.88%

Inflation rate is calculated by the percentage change of the price indexes

Inflation rate = 100* ( 270 - 233) / 233 = 15.88%

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