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If the CPI was 164.3 in 1999 and 142.6 in 1993, by what percentage did prices...

If the CPI was 164.3 in 1999 and 142.6 in 1993, by what percentage did prices rise during the period 1993-1999?

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Answer #1

Percentage prices rise = [(164.3 - 142.6) / 142.6] * 100 = 15.22%                                                               

Thus, price will rise by 15.22%.

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