Table 20-5
$$\begin{array} { | c | c | }
\hline \text { Year } & \text { CPI } \
\hline 2015 & 207 \
\hline 2016 & 215 \
\hline
\end{array}$$
-Refer to Table 20-5.Consider the following values of the consumer price index for 2015 and 2016.The inflation rate for 2016 was equal to

Question

Table 20-5
 $$\begin{array} { | c | c | } 
\hline \text { Year } & \text { CPI } \
\hline 2015 & 207 \
\hline 2016 & 215 \
\hline
\end{array}$$
-Refer to Table 20-5.Consider the following values of the consumer price index for 2015 and 2016.The inflation rate for 2016 was equal to

Quizplus · Accepted Answer

The inflation rate is the percentage change in the consumer price index from one year to another.
Using the formula: 
Inflation rate = ((CPI in year 2 - CPI in year 1) / CPI in year 1) x 100%
Plugging in the values from the table: 
Inflation rate = ((241.4 - 232.9) / 232.9) x 100% = 3.6%
Therefore, the inflation rate for 2016 was 3.6%, which corresponds to choice D. None of the other choices match this calculated result.

Table 20-5 Year CPI 20152072016215\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\\hline 2015 & 207 \\\hline 2016 & 215 \\\hline\end{array} Year 20152016​ CPI 207215​​

Table 20-5 $\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\\hline 2015 & 207 \\\hline 2016 & 215 \\\hline\end{array}$