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Macroeconomics

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Calculating Inflation using the Consumer Price Index (CPI)

MACRO-BTFPBJ

Suppose that the Consumer Price Index (CPI) was 123.4 in 2014 and 125.5 in 2015.

Which of the following correctly states the inflation rate between 2014 and 2015?

A

1.70%

B

1.27%

C

2.10%

D

1.08%