Suppose you are given the following annual deflator information for the US (https://fred.stlouisfed.org) . Using the information from the table the rate of inflation from 2014 to 2015 was: 
Definitions:
Line of Credit
A financial arrangement providing the borrower the right to draw funds up to a specified limit at any time within a fixed period.
Compensating Balance
A minimum account balance that a borrower is required to maintain as a condition of borrowing from a lender, often used to offset the cost of maintaining the loan.
Accounts Payable Period
The average time it takes for a company to pay off its suppliers.
Credit Sales
Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.
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