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Calculate the annual inflation rate between 30th June 1960 when the consumer price index (CPI) was 7.6 and 30th June 2006 when the CPI was

Calculate the annual inflation rate between 30th June 1960 when the consumer price index (CPI) was 7.6 and 30th June 2006 when the CPI was 85.9. Note that you should find the annual CPI inflation rate between these dates. Select one:

a. 93.5% pa

b. 78.3% pa

c. 5.6662% pa

d. 5.4133% pa e. 5.2951% pa

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