Using this table, calculate the rate of inflation from December of one year to December one year later year. For example, you could calculate the inflation rate between December 1992 to December 1993. Or you could calculate the inflation rate between December 1997 to December 1998. Show your calculation and be clear what years you selected for your calculation.
Using this table, calculate the rate of inflation from December of one year to December one year later year. For example, you could calculate the inflation rate between December 1992 to December 1993. Or you could calculate the inflation rate between December 1997 to December 1998. Show your calculation and be clear what years you selected for your calculation.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Using this table, calculate the rate of inflation from December of one year to December one year later year. For example, you could calculate the inflation rate between December 1992 to December 1993. Or you could calculate the inflation rate between December 1997 to December 1998. Show your calculation and be clear what years you selected for your calculation.
![Historical Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, all items, by month
[1982-84=100, unless otherwise noted]
Year
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
1913..
9.8
9.8
9.8
9.8
9.7
9.8
9.9
9.9
10.0
10.0
10.1
10.0
1914.
10.0
9.9
9.9
9.8
9.9
9.9
10.0
10.2
10.2
10.1
10.2
10.1
1915.
10.1
10.0
9.9
10.0
10.1
10.1
10.1
10.1
10.1
10.2
10.3
10.3
1916.
10.4
10.4
10.5
10.6
10.7
10.8
10.8
10.9
11.1
11.3
11.5
11.6
1917.
1918.
11.7
12.0
12.0
12.6
12.8
13.0
12.8
13.0
13.3
13.5
13.5
13.7
14.0
14.1
14.0
14.2
14.5
14.7
15.1
15.4
15.7
16.0
16.3
16.5
1919.
16.5
16.2
16.4
16.7
16.9
16.9
17.4
17.7
17.8
18.1
18.5
18.9
1920..
19.3
19.5
19.7
20.3
20.6
20.9
20.8
20.3
20.0
19.9
19.8
19.4
1921.
19.0
18.4
18.3
18.1
17.7
17.6
17.7
17.7
17.5
17.5
17.4
17.3
1922.
16.9
16.9
16.7
16.7
16.7
16.7
16.8
16.6
16.6
16.7
16.8
16.9
1923.
16.8
16.8
16.8
16.9
16.9
17.0
17.2
17.1
17.2
17.3
17.3
17.3
1924.
17.3
17.2
17.1
17.0
17.0
17.0
17.1
17.0
17.1
17.2
17.2
17.3
1925.
17.3
17.2
17.3
17.2
17.3
17.5
17.7
17.7
17.7
17.7
18.0
17.9
1926.
17.9
17.9
17.8
17.9
17.8
17.7
17.5
17.4
17.5
17.6
17.7
17.7
1927.
17.5
17.4
17.3
17.3
17.4
17.6
17.3
17.2
17.3
17.4
17.3
17.3
1928.
17.3
17.1
17.1
17.1
17.2
17.1
17.1
17.1
17.3
17.2
17.2
17.1
1929.
17.1
17.1
17.0
16.9
17.0
17.1
17.3
17.3
17.3
17.3
17.3
17.2
1930..
17.1
17.0
16.9
17.0
16.9
16.8
16.6
16.5
16.6
16.5
16.4
16.1
1931.
15.9
15.7
15.6
15.5
15.3
15.1
15.1
15.1
15.0
14.9
14.7
14.6
1932.
14.3
14.1
14.0
13.9
13.7
13.6
13.6
13.5
13.4
13.3
13.2
13.1
1933..
12.9
12.7
12.6
12.6
12.6
12.7
13.1
13.2
13.2
13.2
13.2
13.2
1934..
13.2
13.3
13.3
13.3
13.3
13.4
13.4
13.4
13.6
13.5
13.5
13.4
1935.
13.6
13.7
13.7
13.8
13.8
13.7
13.7
13.7
13.7
13.7
13.8
13.8
1936.
13.8
13.8
13.7
13.7
13.7
13.8
13.9
14.0
14.0
14.0
14.0
14.0
1937..
14.1
14.1
14.2
14.3
14.4
14.4
14.5
14.5
14.6
14.6
14.5
14.4
1938..
14.2
14.1
14.1
14.2
14.1
14.1
14.1
14.1
14.1
14.0
14.0
14.0
1939.
14.0
13.9
13.9
13.8
13.8
13.8
13.8
13.8
14.1
14.0
14.0
14.0
1940.
13.9
14.0
14.0
14.0
14.0
14.1
14.0
14.0
14.0
14.0
14.0
14.1
1941.
14.1
14.1
14.2
14.3
14.4
14.7
14.7
14.9
15.1
15.3
15.4
15.5
1942..
15.7
15.8
16.0
16.1
16.3
16.3
16.4
16.5
16.5
16.7
16.8
16.9
1943.
16.9
16.9
17.2
17.4
17.5
17.5
17.4
17.3
17.4
17.4
17.4
17.4
1944.
17.4
17.4
17.4
17.5
17.5
17.6
17.7
17.7
17.7
17.7
17.7
17.8
1945.
17.8
17.8
17.8
17.8
17.9
18.1
18.1
18.1
18.1
18.1
18.1
18.2
1946..
18.2
18.1
18.3
18.4
18.5
18.7
19.8
20.2
20.4
20.8
21.3
21.5
1947.
21.5
21.5
21.9
21.9
21.9
22.0
22.2
22.5
23.0
23.0
23.1
23.4
1948.
23.7
23.5
23.4
23.8
23.9
24.1
24.4
24.5
24.5
24.4
24.2
24.1
1949.
24.0
23.8
23.8
23.9
23.8
23.9
23.7
23.8
23.9
23.7
23.8
23.6
1950..
23.5
23.5
23.6
23.6
23.7
23.8
24.1
24.3
24.4
24.6
24.7
25.0
1951.
25.4
25.7
25.8
25.8
25.9
25.9
25.9
25.9
26.1
26.2
26.4
26.5
1952.
26.5
26.3
26.3
26.4
26.4
26.5
26.7
26.7
26.7
26.7
26.7
26.7
1953.
26.6
26.5
26.6
26.6
26.7
26.8
26.8
26.9
26.9
27.0
26.9
26.9
1954.
26.9
26.9
26.9
26.8
26.9
26.9
26.9
26.9
26.8
26.8
26.8
26.7
1955..
26.7
26.7
26.7
26.7
26.7
26.7
26.8
26.8
26.9
26.9
26.9
26.8
1956.
26.8
26.8
26.8
26.9
27.0
27.2
27.4
27.3
27.4
27.5
27.5
27.6
1957.
27.6
27.7
27.8
27.9
28.0
28.1
28.3
28.3
28.3
28.3
28.4
28.4
1958.
28.6
28.6
28.8
28.9
28.9
28.9
29.0
28.9
28.9
28.9
29.0
28.9
1959.
29.0
28.9
28.9
29.0
29.0
29.1
29.2
29.2
29.3
29.4
29.4
29.4
1960..
29.3
29.4
29.4
29.5
29.5
29.6
29.6
29.6
29.6
29.8
29.8
29.8
1961.
29.8
29.8
29.8
29.8
29.8
29.8
30.0
29.9
30.0
30.0
30.0
30.0
1962.
30.0
30.1
30.1
30.2
30.2
30.2
30.3
30.3
30.4
30.4
30.4
30.4
1963.
30.4
30.4
30.5
30.5
30.5
30.6
30.7
30.7
30.7
30.8
30.8
30.9
1964.
30.9
30.9
30.9
30.9
30.9
31.0
31.1
31.0
31.1
31.1
31.2
31.2
1965.
31.2
31.2
31.3
31.4
31.4
31.6
31.6
31.6
31.6
31.7
31.7
31.8
1966.
31.8
32.0
32.1
32.3
32.3
32.4
32.5
32.7
32.7
32.9
32.9
32.9
1967.
32.9
32.9
33.0
33.1
33.2
33.3
33.4
33.5
33.6
33.7
33.8
33.9
1968.
34.1
34.2
34.3
34.4
34.5
34.7
34.9
35.0
35.1
35.3
35.4
35.5
1969.
35.6
35.8
36.1
36.3
36.4
36.6
36.8
37.0
37.1
37.3
37.5
37.7
1970..
37.8
38.0
38.2
38.5
38.6
38.8
39.0
39.0
39.2
39.4
39.6
39.8](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5efbfd4-46f0-4eb2-b781-51f3af9e66d7%2F18bd7e8f-ed4c-4105-b3d6-c9a1a2dbafe1%2F77cmtfm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Historical Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, all items, by month
[1982-84=100, unless otherwise noted]
Year
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
1913..
9.8
9.8
9.8
9.8
9.7
9.8
9.9
9.9
10.0
10.0
10.1
10.0
1914.
10.0
9.9
9.9
9.8
9.9
9.9
10.0
10.2
10.2
10.1
10.2
10.1
1915.
10.1
10.0
9.9
10.0
10.1
10.1
10.1
10.1
10.1
10.2
10.3
10.3
1916.
10.4
10.4
10.5
10.6
10.7
10.8
10.8
10.9
11.1
11.3
11.5
11.6
1917.
1918.
11.7
12.0
12.0
12.6
12.8
13.0
12.8
13.0
13.3
13.5
13.5
13.7
14.0
14.1
14.0
14.2
14.5
14.7
15.1
15.4
15.7
16.0
16.3
16.5
1919.
16.5
16.2
16.4
16.7
16.9
16.9
17.4
17.7
17.8
18.1
18.5
18.9
1920..
19.3
19.5
19.7
20.3
20.6
20.9
20.8
20.3
20.0
19.9
19.8
19.4
1921.
19.0
18.4
18.3
18.1
17.7
17.6
17.7
17.7
17.5
17.5
17.4
17.3
1922.
16.9
16.9
16.7
16.7
16.7
16.7
16.8
16.6
16.6
16.7
16.8
16.9
1923.
16.8
16.8
16.8
16.9
16.9
17.0
17.2
17.1
17.2
17.3
17.3
17.3
1924.
17.3
17.2
17.1
17.0
17.0
17.0
17.1
17.0
17.1
17.2
17.2
17.3
1925.
17.3
17.2
17.3
17.2
17.3
17.5
17.7
17.7
17.7
17.7
18.0
17.9
1926.
17.9
17.9
17.8
17.9
17.8
17.7
17.5
17.4
17.5
17.6
17.7
17.7
1927.
17.5
17.4
17.3
17.3
17.4
17.6
17.3
17.2
17.3
17.4
17.3
17.3
1928.
17.3
17.1
17.1
17.1
17.2
17.1
17.1
17.1
17.3
17.2
17.2
17.1
1929.
17.1
17.1
17.0
16.9
17.0
17.1
17.3
17.3
17.3
17.3
17.3
17.2
1930..
17.1
17.0
16.9
17.0
16.9
16.8
16.6
16.5
16.6
16.5
16.4
16.1
1931.
15.9
15.7
15.6
15.5
15.3
15.1
15.1
15.1
15.0
14.9
14.7
14.6
1932.
14.3
14.1
14.0
13.9
13.7
13.6
13.6
13.5
13.4
13.3
13.2
13.1
1933..
12.9
12.7
12.6
12.6
12.6
12.7
13.1
13.2
13.2
13.2
13.2
13.2
1934..
13.2
13.3
13.3
13.3
13.3
13.4
13.4
13.4
13.6
13.5
13.5
13.4
1935.
13.6
13.7
13.7
13.8
13.8
13.7
13.7
13.7
13.7
13.7
13.8
13.8
1936.
13.8
13.8
13.7
13.7
13.7
13.8
13.9
14.0
14.0
14.0
14.0
14.0
1937..
14.1
14.1
14.2
14.3
14.4
14.4
14.5
14.5
14.6
14.6
14.5
14.4
1938..
14.2
14.1
14.1
14.2
14.1
14.1
14.1
14.1
14.1
14.0
14.0
14.0
1939.
14.0
13.9
13.9
13.8
13.8
13.8
13.8
13.8
14.1
14.0
14.0
14.0
1940.
13.9
14.0
14.0
14.0
14.0
14.1
14.0
14.0
14.0
14.0
14.0
14.1
1941.
14.1
14.1
14.2
14.3
14.4
14.7
14.7
14.9
15.1
15.3
15.4
15.5
1942..
15.7
15.8
16.0
16.1
16.3
16.3
16.4
16.5
16.5
16.7
16.8
16.9
1943.
16.9
16.9
17.2
17.4
17.5
17.5
17.4
17.3
17.4
17.4
17.4
17.4
1944.
17.4
17.4
17.4
17.5
17.5
17.6
17.7
17.7
17.7
17.7
17.7
17.8
1945.
17.8
17.8
17.8
17.8
17.9
18.1
18.1
18.1
18.1
18.1
18.1
18.2
1946..
18.2
18.1
18.3
18.4
18.5
18.7
19.8
20.2
20.4
20.8
21.3
21.5
1947.
21.5
21.5
21.9
21.9
21.9
22.0
22.2
22.5
23.0
23.0
23.1
23.4
1948.
23.7
23.5
23.4
23.8
23.9
24.1
24.4
24.5
24.5
24.4
24.2
24.1
1949.
24.0
23.8
23.8
23.9
23.8
23.9
23.7
23.8
23.9
23.7
23.8
23.6
1950..
23.5
23.5
23.6
23.6
23.7
23.8
24.1
24.3
24.4
24.6
24.7
25.0
1951.
25.4
25.7
25.8
25.8
25.9
25.9
25.9
25.9
26.1
26.2
26.4
26.5
1952.
26.5
26.3
26.3
26.4
26.4
26.5
26.7
26.7
26.7
26.7
26.7
26.7
1953.
26.6
26.5
26.6
26.6
26.7
26.8
26.8
26.9
26.9
27.0
26.9
26.9
1954.
26.9
26.9
26.9
26.8
26.9
26.9
26.9
26.9
26.8
26.8
26.8
26.7
1955..
26.7
26.7
26.7
26.7
26.7
26.7
26.8
26.8
26.9
26.9
26.9
26.8
1956.
26.8
26.8
26.8
26.9
27.0
27.2
27.4
27.3
27.4
27.5
27.5
27.6
1957.
27.6
27.7
27.8
27.9
28.0
28.1
28.3
28.3
28.3
28.3
28.4
28.4
1958.
28.6
28.6
28.8
28.9
28.9
28.9
29.0
28.9
28.9
28.9
29.0
28.9
1959.
29.0
28.9
28.9
29.0
29.0
29.1
29.2
29.2
29.3
29.4
29.4
29.4
1960..
29.3
29.4
29.4
29.5
29.5
29.6
29.6
29.6
29.6
29.8
29.8
29.8
1961.
29.8
29.8
29.8
29.8
29.8
29.8
30.0
29.9
30.0
30.0
30.0
30.0
1962.
30.0
30.1
30.1
30.2
30.2
30.2
30.3
30.3
30.4
30.4
30.4
30.4
1963.
30.4
30.4
30.5
30.5
30.5
30.6
30.7
30.7
30.7
30.8
30.8
30.9
1964.
30.9
30.9
30.9
30.9
30.9
31.0
31.1
31.0
31.1
31.1
31.2
31.2
1965.
31.2
31.2
31.3
31.4
31.4
31.6
31.6
31.6
31.6
31.7
31.7
31.8
1966.
31.8
32.0
32.1
32.3
32.3
32.4
32.5
32.7
32.7
32.9
32.9
32.9
1967.
32.9
32.9
33.0
33.1
33.2
33.3
33.4
33.5
33.6
33.7
33.8
33.9
1968.
34.1
34.2
34.3
34.4
34.5
34.7
34.9
35.0
35.1
35.3
35.4
35.5
1969.
35.6
35.8
36.1
36.3
36.4
36.6
36.8
37.0
37.1
37.3
37.5
37.7
1970..
37.8
38.0
38.2
38.5
38.6
38.8
39.0
39.0
39.2
39.4
39.6
39.8
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9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman