Table 13-5
$$\begin{array} { | c | c | }
\hline \text { Year } & \text { CPI } \
\hline 2012 & 207 \
\hline 2013 & 215 \
\hline
\end{array}$$
-Refer to Table 13-5.Consider the following values of the consumer price index for 2012 and 2013.The inflation rate for 2013 was equal to

Question

Table 13-5
 $$\begin{array} { | c | c | } 
\hline \text { Year } & \text { CPI } \
\hline 2012 & 207 \
\hline 2013 & 215 \
\hline
\end{array}$$
-Refer to Table 13-5.Consider the following values of the consumer price index for 2012 and 2013.The inflation rate for 2013 was equal to

Quizplus · Accepted Answer

The inflation rate can be calculated using the following formula:

Inflation rate = [(CPI in year 2 - CPI in year 1) / CPI in year 1] x 100%

Using the values in the table, we can calculate the inflation rate for 2013 as:

Inflation rate = [(215 - 207) / 207] x 100%
Inflation rate = (8 / 207) x 100%
Inflation rate = 3.86%

Therefore, the best choice is D, 3.9 percent.

Table 13-5 Year CPI 20122072013215\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\\hline 2012 & 207 \\\hline 2013 & 215 \\\hline\end{array} Year 20122013​ CPI 207215​​

Table 13-5 $\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\\hline 2012 & 207 \\\hline 2013 & 215 \\\hline\end{array}$