If the CPI was 180 at the end of 2011,and 216 at the end of 2012,the inflation rate in 2012 was
A)216 percent.
B)36 percent.
C)16.67 percent.
D)20 percent.
E)18 percent.

Question

Quizplus · Accepted Answer

Inflation rate formula is [(CPI at the end of period 2 - CPI at the end of period 1) / CPI at the end of period 1] x 100.

Using this formula, we can calculate the inflation rate in 2012 as:

[(216 - 180) / 180] x 100 = 20%

Therefore, the best answer is D) 20 percent.

If the CPI Was 180 at the End of 2011,and