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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

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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 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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