Question
9.1) As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was 597.2 (using a base year of 1914 = 100).
9.1) As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was 597.2 (using a base year of 1914 = 100). The CPI for Airfare in 2264 was 623. Based on this data, what was the inflation rate of airfare from 2263 to 2264?
Enter your answer in decimal format, 4 decimal places. For example, if the answer is 1.235%, enter as follows: 0.0124
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
