The CPI stood at 96.4, 98.6, 101.2, 103.3, 105.7, and 108.9 on the same date in successive years.
a) What was the inflation rate: i. In the fourth one-year interval? ii. In the fifth one-year interval?
b) What amount was required at the end in order to have the same purchasing power as $100 five years earlier?

Question

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The Answer of The CPI stood at 96.4, 98.6, 101.2, 103.3, 105.7, and 108.9 on the same date in successive years.
a) What was the inflation rate: i. In the fourth one-year interval? ii. In the fifth one-year interval?
b) What amount was required at the end in order to have the same purchasing power as $100 five years earlier?

The CPI Stood at 96