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the annual consumer price index for my product got the years 1995, 2005, 2010, and 2015...

the annual consumer price index for my product got the years 1995, 2005, 2010, and 2015 are 1995= 124
2005= 119.4
2010=127.205
2015=133.855
enter these numbers in excel and calculate the percentage change in inflation rates for these index numbers from 1995-2005 from 1995-2010
from 1995-2015. analyze the trends in overall inflation over the last 5years

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Answer #1

Ans:

Years CPI Inflation rate
1995 124
2005 119.4 -3.71%
2010 127.205 2.585%
2015 133.855 7.948%

Explanation:

Inflation rates for these index numbers from 1995 - 2005 ={( 119.4 - 124 ) / 124 }*100 = - 3.71%

Inflation rates for these index numbers from 1995 - 2010 ={( 127.205 - 124 ) / 124 }*100 = 2.585%

Inflation rates for these index numbers from 1995 - 2015 ={( 133.855 - 124 ) / 124 }*100 = 7.948%

Ans: It is observed that the trends in overall inflation increased over the last 5 years.

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