Question

If the CPI changes from 121 to 124 between December 2018 and December 2019, the:
deflation rate for 2019 is 2.4%
inflation rate for 2019 is 4.2%.
inflation rate for 2019 is 2.5%.
deflation rate for 2019 is 3%.

Answer 1

Answer:

Inflation rate for 2019 is 2.5%

Step-by-step explanation:

(124/121) - 1 = 1.02479 - 1 = .02479

Change 0.02479 to percent by multiplying 100 = 2.479%

Round this up to 2.5%

Since the value is increasing from 121 in 2018 to 124 in 2019, this is an inflation.

Answer 2

Answer:

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Step-by-step explanation: