If the consumer price index is 100 in 2010 and is 120 in 2012,then the rate of inflation between 2010 and 2012 is

Question

Quizplus · Accepted Answer

To calculate the rate of inflation between 2010 and 2012, we need to use the following formula:

Inflation rate = ((CPI in 2012 - CPI in 2010) / CPI in 2010) x 100

Plugging in the values given in the question, we get:

Inflation rate = ((120 - 100) / 100) x 100
= 20%

Therefore, the rate of inflation between 2010 and 2012 is 20%. The correct answer is B)20%.

If the Consumer Price Index Is 100 in 2010 and Is