If the price level last year was 106 and this year is 102, then the inflation rate between last period and this period was:

Name: If the price level last year was 106 and this year is 102, then the inflation rate between last period and this period was:
Brand: Quizplus
Rating: 5.0 (61 reviews)

Question

Quizplus · Accepted Answer

The inflation rate is calculated as [(Current Year Price Level - Last Year Price Level) / Last Year Price Level] * 100. So, [(102 - 106) / 106] * 100 = -3.77%, which rounds to -3.8%.

If the Price Level Last Year Was 106 and This