Question

Year CPI Infl. Rate 2010 218.1 - 2011 224.9 3.1% 2012 229.6 2.1% 2013 233.0 1.5%...

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)?

Homework Answers

Answer #1

please refer following solution


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