If the consumer price index (CPI) in 2019 was 200 and the CPI for 2020 was 230,
Question:
If the consumer price index (CPI) in 2019 was 200 and the CPI for 2020 was 230, the rate of inflation was:
a. 15 percent.
b. 7.5 percent.
c. 30 percent.
d. 230 percent.
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