Question 1
If the CPI in 2015 was 104 and the CPI in 2016 was 106, then the rate of inflation between 2015 and 2016 was
◦ 1.89%.
◦ 1.92%.
◦ 2.0%.
◦ 2.2%.
Question 2
If the CPI in period 1 is 180 and the CPI in period 2 is 240, then the rate of inflation between period 1 and period 2 is
◦ 25.0%.
◦ 33.3%.
◦ 50.0%.
◦ 66.7%.