This table shows the values of the Canadian consumer price index (CPI)for the years 1998 - 2005.

-Using the data in the table above,the rate of inflation between 1998 and 1999 was
A) 1.54%.
B) 1.68%.
C) 1.78%.
D) 1.75%.
E) 1.72%.

Question

This table shows the values of the Canadian consumer price index (CPI)for the years 1998 - 2005.
 
-Using the data in the table above,the rate of inflation between 1998 and 1999 was
A) 1.54%. 
B) 1.68%. 
C) 1.78%. 
D) 1.75%. 
E) 1.72%.

Quizplus · Accepted Answer

The rate of inflation between 1998 and 1999 is calculated as (124.8 - 122.5) / 122.5 * 100 = 1.75%.

This Table Shows the Values of the Canadian Consumer Price