If the CPI was 140 at the end of 2011 and 150 at the end of 2012,what was the inflation rate in 2012?
A)7.14 percent
B)10 percent
C)6.25 percent
D)8 percent
E)6.67 percent

Question

Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the CPI from one period to the next. In this case, the CPI increased from 140 to 150, which is a change of 10 points. The inflation rate is therefore 10 / 140 * 100 = 7.14%.

If the CPI Was 140 at the End of 2011