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May 27, 2015

Homework Help: economics

Posted by Megan on Monday, July 10, 2006 at 12:11pm.

Suppose that the CPI in year five equals 123 and in year 6 equals 130. What was the inflation rate in year 6?
Thank you,
Megan


130/123 = 1.057 Ergo, 5.7%

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