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11 December, 06:52

If the consumer price index changes from 125 in september to 150 in october, what is the rate of inflation?

a. 20.0%

b. 16.7%

c. 9.1%

d. 45.5%

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Answers (1)
  1. 11 December, 10:41
    0
    The rate of inflation is analogous to the percent difference of the original to the new price. Thus, its formula is written as:

    Rate of Inflation = [New price - Base price]/Base Price * 100

    Rate of inflation = (150 - 125) / 125 * 100 = 20%

    So, the answer is A.
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