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Calculate the annual inflation rate between 30th June 1968 when the consumer price index (CPI) was 9.1 and 30th June 1984 when the CPI was

Calculate the annual inflation rate between 30th June 1968 when the consumer price index (CPI) was 9.1 and 30th June 1984 when the CPI was 36.4. Note that you should find the annual CPI inflation rate between these dates.

Question 1Select one:

8.006% pa

8.4964% pa

9.0508% pa

9.6825% pa

27.3% pa

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