Year |
Consumer Price Index |
Percentage Increase |
2007 |
207.3 |
|
2008 |
215.3 |
|
2009 |
214.5 |
|
2010 |
218.1 |
|
2011 |
224.9 |
|
2012 |
229.6 |
|
2013 |
233.0 |
|
2014 |
236.7 |
|
2015 |
237.0 |
The following table gives the value of the consumer price index for 2007 through 2015.
Percentage increase = [(Current year CPI - Previous year CPI) / Previous year CPI] * 100
A) The inflation rate in 2008 = 3.86%.
B) The inflation rate in 2012 = 2.09%.
C) The percentage increase of the average price level from 2007 to 2015 = [(237.0 - 207.3) / 207.3] * 100 = 14.33%.
D) Inflation was highest in 2008 and lowest in 2009.
Get Answers For Free
Most questions answered within 1 hours.