If the CPI was 180 at the end of 2016, and 216 at the end of 2017, the inflation rate in 2017 was
A)18 percent.
B)216 percent.
C)36 percent.
D)16.67 percent.
E)20 percent.

Name: If the CPI was 180 at the end of 2016, and 216 at the end of 2017, the inflation rate in 2017 was A)18 percent. B)216 percent. C)36 percent. D)16.67 percent. E)20 percent.
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((216 - 180) / 180) * 100 = 20 percent.

If the CPI Was 180 at the End of 2016