Considering the data in the table shown above and 2010 as the base year, what is the inflation rate between years 2010 and 2015?

Question

Quizplus · Accepted Answer

To calculate the inflation rate, we need to use the following formula: 
Inflation rate = ((CPI in current year - CPI in base year) / CPI in base year) x 100

Using the data in the table, we find: 
CPI in 2010 = 100
CPI in 2015 = 141.7

Inflation rate = ((141.7 - 100) / 100) x 100 = 41.7%

Therefore, the answer is B, 41.7 percent.

Considering the Data in the Table Shown Above and 2010