The table shows consumer price index data for the United Kingdom. Based on this information, what is the rate of inflation in 2014?
UK CONSUMER
PRICE INDEX
$\begin{array} { | l | l | }
\hline YEAR & CPI \
\hline 2013 & 98.2 \
\hline 2014 & 99.6 \
\hline 2015 & 100 \
\hline 2016 & 101 \
\hline 2017 & 103.6 \
\hline 2018 & 106 \
\hline
\end{array}$
A)2.29%
B)1.43%
C)2.57%
D)0.40%

Question

The table shows consumer price index data for the United Kingdom. Based on this information, what is the rate of inflation in 2014?
UK CONSUMER 
PRICE INDEX
$\begin{array} { | l | l | } 
\hline YEAR & CPI \
\hline 2013 & 98.2 \
\hline 2014 & 99.6 \
\hline 2015 & 100 \
\hline 2016 & 101 \
\hline 2017 & 103.6 \
\hline 2018 & 106 \
\hline
\end{array}$
A)2.29%
B)1.43%
C)2.57%
D)0.40%

Quizplus · Accepted Answer

The rate of inflation for 2014 is calculated by taking the CPI of 2014, subtracting the CPI of 2013, dividing by the CPI of 2013, and then multiplying by 100 to get a percentage. $\frac{99.6 - 98.2}{98.2} \times 100 = 1.43\%$.

The Table Shows Consumer Price Index Data for the United