The table below shows six years of hypothetical CPI values for the United States. Using the information in the table, compute th annual inflation rate. Instructions: Round your answers to two decimal places. CPI Values and Inflation Year 2009 2010 2011 2012 2013 2014 CPI 212.35 216.72 223.92 229.09 233.2 240.01 Inflation Rate (percent) %

The table below shows six years of hypothetical CPI values for the United States. Using the information in the table, compute th annual inflation rate. Instructions: Round your answers to two decimal places. CPI Values and Inflation Year 2009 2010 2011 2012 2013 2014 CPI 212.35 216.72 223.92 229.09 233.2 240.01 Inflation Rate (percent) %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer ASAP please write the formula used please.
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