Reference: Ref 12-1 (Table: Consumer Price Index) Refer to the CPI

question 127

Multiple Choice

Reference: Ref 12-1 (Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. What was the approximate inflation rate over the period 2007 to 2008?

• A) 8.00 percent
• B) 21.53 percent
• C) 3.85 percent
• D) 3.72 percent

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