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3. The value of CPI in April 2009 was 113.9 and in April 2008 it was 113.5. a. Calculate the rate of inflation during that

3. The value of CPI in April 2009 was 113.9 and in April 2008 it was 113.5. a. Calculate the rate of inflation during that one year expressed in percentage terms. b How much is the CPI in the base year? C. Calculate the rate of inflation during the year ending in April 2008

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