If the CPI was 132.5 at the end of last year and 137.5 at the end of this year, the inflation rate over these two years was
A) 3.8 percent.
B) 5.0 percent.
C) 3.6 percent.
D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the CPI over a period of time. In this case, the inflation rate is calculated as follows:(137.5 - 132.5) / 132.5 * 100 = 3.8%Therefore, the correct answer is A: 3.8 percent.

If the CPI Was 132