The CPI in 1974 equaled 0.49. The CPI in 1975 equaled 0.54. The rate of inflation between 1974 and 1975 was ________ percent.

Name: The CPI in 1974 equaled 0.49. The CPI in 1975 equaled 0.54. The rate of inflation between 1974 and 1975 was ________ percent.
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The percentage change in CPI is calculated as: (current price index - historic prices)/ historic price index. In this case: (0.54 - 0.49)/ 0.49 = 0.102, or 10.2 percent.

The CPI in 1974 Equaled 0