At the End of Last Year the Consumer Price Index

question 25

Multiple Choice

At the end of last year the Consumer Price Index was equal to 163.8 and at the end of this year it was equal to 157.5.What is the inflation rate over this time period?

• A) 6.3 percent
• B) 4.0 percent
• C) 3.85 percent
• D) 10.1 percent