Question

If the consumer Price Index for 1989 was 124.0 and the CPI for 1988 was 122.4 What was a rate of inflation?
A 1.6 percent
B 13 percent
C 1.3 percent
D 16 percent

Answer 1

I think it is c can u help me and thank me

Answer 2

1.6 percent was the rate of inflation.

The answer is option A.

How do you calculate the rate of inflation?

Subtract the past date CPI from the current date CPI and divide your answer by the past date CPI. Multiply the results by 100. Your answer is the inflation rate as a percentage.

Given

CPI for 1989 = 124.0 and CPI for 1988 = 122.4

124 - 122.4

1.6 %

Definition of Inflation (CPI) Inflation measured by the consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households.

Learn more about the inflation rate here: https://brainly.com/question/26113005

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