If the cpi increases from 135 in 2006 to 154 in 2007, the rate of inflation between 2006 and 2007 is 14.1
How to solve for the rate of inflation
We have the past date cpi to be 135
We have the present date cpi = 154
Then we have to subtract the past date from the present and divide the answer by the past date.
This can be seen as
154 - 135 = 19
19 / 135 = 0.1407
Then the rate of inflation would be 0.1407 x 100
= 14.1
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