The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
Table 12.2
-Using the information in Table 12.2, the inflation rate from 2014 to 2015 is about
A) 26 percent.
B) 38 percent.
C) 42 percent.
D) 49 percent.

Question

The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
  Table 12.2
-Using the information in Table 12.2, the inflation rate from 2014 to 2015 is about
A) 26 percent. 
B) 38 percent. 
C) 42 percent. 
D) 49 percent.

Quizplus · Accepted Answer

The inflation rate is calculated as ((CPI in 2015 - CPI in 2014) / CPI in 2014) * 100. Based on the given choices, 26 percent is the closest to the typical inflation rate calculation.

The Following Table Lists the Basket of Goods in the