The Table Given Below Reports the Consumer Price Index in a Country

question 74

Multiple Choice

The table given below reports the consumer price index in a country for four different years.
Table 7.1
$\begin{array}{c}\text { Inflation Data }\\\begin{array}{|c|c|}\hline \text { Year } & \text { Consumer Price Index } \\\hline 1976 & 100.00 \\1980 & 110.50 \\1990 & 128.50 \\2003 & 145.00 \\\hline\end{array}\end{array}$
-Refer to Table 7.1. If a bicycle used to cost $90 in 1990, what did it cost in 2003 based on the inflation rate (rounded to the first decimal place) ?

• A) $115.7
• B) $118.1
• C) $101.6
• D) $130.5
• E) $79.8

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Definitions:

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