Year |
CPI |
Infl. Rate |
2010 |
218.1 |
- |
2011 |
224.9 |
3.1% |
2012 |
229.6 |
2.1% |
2013 |
233.0 |
1.5% |
2014 |
236.7 |
??? |
2015 |
237.0 |
??? |
2016 |
240.0 |
??? |
2017 |
245.1 |
??? |
a) Calculate the inflation rates for the years 2014-2017.
b) Was there disinflation in those years? If so, in which year(s)?
c) Was there deflation in those years? If so, in which year(s)?
please refer following solution
Explanation:
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