The table below shows the price index for China starting in 2000. The inflation rate between 2004 and 2005 was
A) 3.9 percent
B) 0.7 percent.
C) 1.8 percent
D) 2.8 percent

Question

The table below shows the price index for China starting in 2000.  The inflation rate between 2004 and 2005 was
A) 3.9 percent 
B) 0.7 percent. 
C) 1.8 percent 
D) 2.8 percent

Quizplus · Accepted Answer

To find the inflation rate between 2004 and 2005, we need to calculate the percentage change in the price index.

Price index in 2004 = 100.2 
Price index in 2005 = 102

Percentage change = (new value - old value) / old value * 100

Percentage change = (102 - 100.2) / 100.2 * 100

Percentage change = 1.8%

Therefore, the inflation rate between 2004 and 2005 was 1.8%. Therefore, the answer is C.

The Table Below Shows the Price Index for China Starting