Year CPI Year CPI 1995 152.4 2010 218.1 1996 156.9 2011 224.9 1997 160.5 2012 229.6 1998 163.0 2013 233.0 1999 166.6 2014 236.7 2000 172.2 2015 237.0 2001 177.1 2016 240.0 2002 179.7 2017 245.1 2003 184.0 2018 251.1 2004 188.9 2019 255.7 2005 195.3 2020 258.8 2006 201.6 2021 271.0 2007 207.3 2022 292.1 2008 215.3 2009 214.5 a. Calculate the inflation rate for 2007-2008: 0.0 % 2008-2009: 2.5 % 2020-2021: 1.2 % 2021-2022: 4.7 % b, c. Which years had inflation? Which years had deflation? In 2007-2008, there was deflation In 2008-2009, there was inflation In 2020-2021, there was inflation In 2021-2022, there was inflation
Year CPI Year CPI 1995 152.4 2010 218.1 1996 156.9 2011 224.9 1997 160.5 2012 229.6 1998 163.0 2013 233.0 1999 166.6 2014 236.7 2000 172.2 2015 237.0 2001 177.1 2016 240.0 2002 179.7 2017 245.1 2003 184.0 2018 251.1 2004 188.9 2019 255.7 2005 195.3 2020 258.8 2006 201.6 2021 271.0 2007 207.3 2022 292.1 2008 215.3 2009 214.5 a. Calculate the inflation rate for 2007-2008: 0.0 % 2008-2009: 2.5 % 2020-2021: 1.2 % 2021-2022: 4.7 % b, c. Which years had inflation? Which years had deflation? In 2007-2008, there was deflation In 2008-2009, there was inflation In 2020-2021, there was inflation In 2021-2022, there was inflation
Chapter1: Making Economics Decisions
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