If the CPI was 95 at the end of 2013 and 105 at the end of 2014, what was the inflation rate in 2014?
A)10 percent
B)105 percent
C)9.5 percent
D)5 percent
E)10.5 percent

Question

Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the CPI from one period to the next. In this case, the CPI increased from 95 to 105, which is a change of 10 points. The percentage change is calculated as (10 / 95) * 100 = 10.5%.

If the CPI Was 95 at the End of 2013