Suppose the CPI last year is 121 and the CPI this year is 137. The correct method to calculate the inflation rate is
A) (137/121) × 100 = 113.2 per cent.
B) [(137 - 121) /121] × 100 = 13.2 per cent.
C) 137 + 121 = 258.
D) (137 - 121) /100 = 16 per cent.
Correct Answer:
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