We appreciate your visit to The consumer price index at the end of 2021 is 123 9 If the consumer price index at the end of 2022 is 125 5. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The inflation rate is calculated by finding the percentage change in the Consumer Price Index (CPI) from one period to another. The inflation rate for 2022, given the CPIs of 123.9 and 125.5 for 2021 and 2022 respectively, can be computed to be approximately 1.3.
Explanation:
The inflation rate is calculated by finding the percentage change in the Consumer Price Index (CPI) from one period to another. It can be found using this formula: (CPI in the later year - CPI in the earlier year) / (CPI in the earlier year) * 100.
To calculate the inflation rate for 2022, we use the given CPIs for 2021 and 2022, which are 123.9 and 125.5 respectively. Plugging these values into the formula gives: (125.5 - 123.9) / 123.9 * 100 = 1.3. Therefore, the inflation rate during 2022 was approximately 1.3 .
Learn more about Inflation Rate here:
https://brainly.com/question/19263433
#SPJ11
Thanks for taking the time to read The consumer price index at the end of 2021 is 123 9 If the consumer price index at the end of 2022 is 125 5. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
