From October 2012 to October 2013,the CPI in country A rose from 116.5 to 119.8.In country B,it rose from 97.2 to 102.3.What were the inflation rates in the two countries?

Question

Quizplus · Accepted Answer

To find the inflation rate, we need to use the formula:

Inflation Rate = ((Current CPI - Previous CPI)/Previous CPI) x 100

For Country A:
Inflation Rate = ((119.8 - 116.5)/116.5) x 100 = 2.83% or approximately 2.8%

For Country B:
Inflation Rate = ((102.3 - 97.2)/97.2) x 100 = 5.25% or approximately 5.2%

Therefore, the answer is D, 2.8 percent in A and 5.2 percent in B.

From October 2012 to October 2013,the CPI in Country a Rose