Use the following consumer price index data to answer the questions.
$$\begin{array} { | c | c | }
\hline \text { YEAR } & \begin{array} { c }
\text { CONSUMER } \
\text { PRICE INDEX }
\end{array} \
\hline 2001 & 169.8 \
\hline 2002 & 174.6 \
\hline 2003 & 182.0 \
\hline 2004 & 180.8 \
\hline 2005 & 177.6 \
\hline 2006 & 179.1 \
\hline
\end{array}$$
(a) What was the inflation rate in 2003?
(b) What was the inflation rate in 2005?
(c) Out of the years shown in the table, which year(s) experienced deflation?

Question

Use the following consumer price index data to answer the questions.
 $$\begin{array} { | c | c | } 
\hline \text { YEAR } & \begin{array} { c } 
\text { CONSUMER } \
\text { PRICE INDEX }
\end{array} \
\hline 2001 & 169.8 \
\hline 2002 & 174.6 \
\hline 2003 & 182.0 \
\hline 2004 & 180.8 \
\hline 2005 & 177.6 \
\hline 2006 & 179.1 \
\hline
\end{array}$$ ​
(a) What was the inflation rate in 2003?
(b) What was the inflation rate in 2005?
(c) Out of the years shown in the table, which year(s) experienced deflation?
​

Quizplus · Accepted Answer

The Answer of Use the following consumer price index data to answer the questions.
 $$\begin{array} { | c | c | } 
\hline \text { YEAR } & \begin{array} { c } 
\text { CONSUMER } \
\text { PRICE INDEX }
\end{array} \
\hline 2001 & 169.8 \
\hline 2002 & 174.6 \
\hline 2003 & 182.0 \
\hline 2004 & 180.8 \
\hline 2005 & 177.6 \
\hline 2006 & 179.1 \
\hline
\end{array}$$ ​
(a) What was the inflation rate in 2003?
(b) What was the inflation rate in 2005?
(c) Out of the years shown in the table, which year(s) experienced deflation?
​

Use the Following Consumer Price Index Data to Answer the Questions