If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately
A)5.5 percent.
B)5.9 percent.
C)6.3 percent.
D)7.2 percent.

Name: If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately A)5.5 percent. B)5.9 percent. C)6.3 percent. D)7.2 percent.
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Quizplus · Accepted Answer

The rate of inflation is calculated as ((180 - 170) / 170) * 100 = 5.88%, which rounds to approximately 5.9%.

If the Consumer Price Index Was 170 in One Year