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Calculate the annual inflation rate between 30th June 1988 when the consumer price index (CPI) was 49.3 and 30th June 2004 when the CPI was

Calculate the annual inflation rate between 30th June 1988 when the consumer price index (CPI) was 49.3 and 30th June 2004 when the CPI was 80.6. Note that you should find the annual CPI inflation rate between these dates.

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