If the current year's consumer price index is 214 and last year's consumer price index was 209, then the rate of inflation is:
A) 2.4%.
B) 5%.
C) 3%.
D) 2.8%.

Name: If the current year's consumer price index is 214 and last year's consumer price index was 209, then the rate of inflation is: A) 2.4%. B) 5%. C) 3%. D) 2.8%.
Brand: Quizplus
Rating: 5.0 (39 reviews)

Question

Quizplus · Accepted Answer

The rate of inflation is calculated as ((214 - 209) / 209) * 100 = 2.39%, which rounds to 2.4%.

If the Current Year's Consumer Price Index Is 214 and Last