Calculate the inflation rate experienced in 2014 and 2015 based on the CPI for each year below: Year CPI (as of December 31 of the year) Inflation rate (%) 2013 124.5 Not applicable for 2013 2014 125.2 ? 2015 127.5 ?

Calculate the inflation rate experienced in 2014 and 2015 based on the CPI for each year below: Year CPI (as of December 31 of the year) Inflation rate (%) 2013 124.5 Not applicable for 2013 2014 125.2 ? 2015 127.5 ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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Calculate the inflation rate experienced in 2014 and 2015 based on the CPI for each year below:

Year	CPI (as of December 31 of the year)	Inflation rate (%)
2013	124.5	Not applicable for 2013
2014	125.2	?
2015	127.5	?

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