If the CPI Was 228 at the End of 2013

question 1

Multiple Choice

If the CPI was 228 at the end of 2013 and 236 at the end of 2014, what was the inflation rate in 2014?

• A)8 percent
• B)236 percent
• C)3.5 percent
• D)3.4 percent
• E)4 percent