Use the following information to calculate the inflation rate (one decimal point) for 2020. CPI index 2019: 112.7 CPI index 2020: 117.7

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter17: Inflation
Section: Chapter Questions
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Use the following information to calculate the inflation rate (one decimal point) for 2020.
CPI index 2019: 112.7
CPI index 2020: 117.7
Transcribed Image Text:Use the following information to calculate the inflation rate (one decimal point) for 2020. CPI index 2019: 112.7 CPI index 2020: 117.7
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