If the CPI for this year is 220 and the CPI for last year was 215, the inflation rate is
A) just over 2 percent.
B) 5 percent.
C) just over 5 percent.
D) 10 percent.

Name: If the CPI for this year is 220 and the CPI for last year was 215, the inflation rate is A) just over 2 percent. B) 5 percent. C) just over 5 percent. D) 10 percent.
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as [(CPI this year - CPI last year) / CPI last year] * 100 = [(220 - 215) / 215] * 100 = 2.33%, which is just over 2 percent.

If the CPI for This Year Is 220 and the CPI