The CPI of a given country is 110 in October. In November, the CPI rises to 120. What is the rate of inflation from October to November. Round your answer to the nearest tenth of a percent if necessary. (1 point) Responses 4.8% 4.8% 9.1% 9.1% 10% 10% 11% 11%

The rate of inflation from October to November can be calculated using the following formula:

Inflation rate = ((CPI in November - CPI in October) / CPI in October) x 100

Plugging in the values, we get:

Inflation rate = ((120 - 110) / 110) x 100 = (10 / 110) x 100 = 0.0909 x 100 = 9.1%

Therefore, the rate of inflation from October to November is 9.1%.

Correct answer: 9.1%