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2. Calculate the annual average inflation rate for the period 2000-2016 (16 years). 3. Provide one example of each calculation, and round your final results

2. Calculate the annual average inflation rate for the period 2000-2016 (16 years). 3. Provide one example of each calculation, and round your final results to two decimal places.

Value of basket

Annual Inflation Rate

CPI index

Annual Inflation Rate

CPI index

Annual Inflation Rate

of goods

2000=100

2010=100

2009

430,298

2010

407,865

2011

592,873

2012

651,567

2013

755,818

2014

814,016

2015

859,600

2016

790,074

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