If the Consumer Price Index (CPI) in 2001 Was 200

question 35

Multiple Choice

If the consumer price index (CPI) in 2001 was 200 and the CPI in 2002 was 215, the rate of inflation was:

• A) 215 per cent.
• B) 15 per cent.
• C) 5 per cent.
• D) 7.5 per cent.

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