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If a price index rose from 16.2 in 2010 to 22.5 in 2019, what would the inflation rate be over the period

Answer :

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Answer:

3.8%

Explanation:

The price rose from 16.2 to 22.5 from 2010 to 2019

16.2-22.5/16.2 ×100

= 6.3/16.2 × 100

= 0.38×100

= 3.8%

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