During the past 10 years, the annual rate of inﬂation in the United States has averaged less than 1
percent.

Name: During the past 10 years, the annual rate of inﬂation in the United States has averaged less than 1 percent.
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Question

Quizplus · Accepted Answer

According to the Bureau of Labor Statistics, the average annual inflation rate in the United States over the past 10 years (as of 2021) is around 1.8 percent, which is higher than 1 percent. Therefore, the statement is false.

During the Past 10 Years, the Annual Rate of Inﬂation