Use the following to answer questions: Table: Consumer Price Index $$\begin{array} { l c }
\hline \text { Year } & \begin{array} { l }
\text { CPI } \
\text { (End-of-Yea } \
\text { r Value) }
\end{array} \
\hline 2005 & 195.3 \
2006 & 201.6 \
2007 & 207.3 \
2008 & 215.3 \
2009 & 214.5 \
2010 & 218.1 \
\hline
\end{array}$$
-(Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. What was the approximate inflation rate over the period 2009 to 2010?
A) 3.60%
B) 18.10%
C) 21.81%
D) 1.68%

Question

Use the following to answer questions: Table: Consumer Price Index $$\begin{array} { l c } 
\hline \text { Year } & \begin{array} { l } 
\text { CPI } \
\text { (End-of-Yea } \
\text { r Value) }
\end{array} \
\hline 2005 & 195.3 \
2006 & 201.6 \
2007 & 207.3 \
2008 & 215.3 \
2009 & 214.5 \
2010 & 218.1 \
\hline
\end{array}$$
-(Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. What was the approximate inflation rate over the period 2009 to 2010?
A) 3.60%
B) 18.10%
C) 21.81%
D) 1.68%

Quizplus · Accepted Answer

The inflation rate is calculated as $(CPI_{2010} - CPI_{2009}) / CPI_{2009} \times 100$. Using the given values: $(218.1 - 214.5) / 214.5 \times 100 \approx 1.68\%$.

Use the Following to Answer Questions: Table: Consumer Price Index