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The following table shows data on the Consumer Price Index over the past few years. Year 2014 98 CPI 2015 97 2016 96 2017 95 2018 94 2019 97 What was the inflation rate from 2015 to 2016? % (Record your answer to two decimal places.) Tir

The following table shows data on the Consumer Price Index over the past few years. Year 2014 98 CPI 2015 97 2016 96 2017 95 2018 94 2019 97 What was the inflation rate from 2015 to 2016? % (Record your answer to two decimal places.) Tir

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table shows data on the Consumer Price Index over the past few years. Year 2014 98 CPI 2015 97 2016 96 2017 95 2018 94 2019 97 What was the inflation rate from 2015 to 2016? % (Record your answer to two decimal places.) Tir
Transcribed Image Text:The following table shows data on the Consumer Price Index over the past few years. Year 2014 98 CPI 2015 97 2016 96 2017 95 2018 94 2019 97 What was the inflation rate from 2015 to 2016? % (Record your answer to two decimal places.) Tir
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