As reported by the Bureau of Labor Statistics, the CPI for 2005 was 585.0 (using a base
Question:
As reported by the Bureau of Labor Statistics, the CPI for 2005 was 585.0 (using a base year of \(1967=100\) ). The CPI for 2006 was 603.9 . Based on this data, what was the inflation rate for 2006 ?
a. 3.23 percent
b. 5.85 percent
c. 6.04 percent
d. 18.9 percent
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Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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