From October 2018 to October 2019, the CPI in country A rose from 116.5 to 119.8. In country B, it rose from 97.2 to 102.3. What were the inflation rates in the two countries?

Question

Quizplus · Accepted Answer

To find the inflation rate, we need to calculate the percentage increase in the CPI.

For country A: 
Inflation rate = ((119.8-116.5)/116.5) x 100% = 2.8%

For country B: 
Inflation rate = ((102.3-97.2)/97.2) x 100% = 5.2%

Therefore, the answer is D) 2.8 percent in A and 5.2 percent in B.

From October 2018 to October 2019, the CPI in Country