If the price index is P1 in one year and P2 in the next year, the inflation rate from one year to the next is calculated as
A) (P2 - P1) x 100
B) [(P1 - P2) /P2] x 100
C) [(P2 - P1) /P1] x 100
D) (P2/P1) x 100
E) (P1/P2) x 100
Correct Answer:
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