What is the rate of inflation for the year 2000 if the CPIs for the years 1999

Question

What is the rate of inflation for the year 2000 if the CPIs for the years 1999 and 2000 are 54 and 59 respectively?

Options:

A . 8.47

B . 9.26

C . 5.60

D . 4.49

Answer: Option B
:
B

Given, CPI in 1999 = 54

CPI in 2000 = 59

Rate of inflation $(%) = [\frac{(CPI in 2000 - CPI in 1999)}{CPI in 1999}] * 100$

$= [\frac{(59 - 54)}{54}] * 100 = 9.26$

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