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Calculate the annual inflation rate between 30th June 2006 when the consumer price index (CPI) was 85.9 and 30th June 2012 when the CPI was

Calculate the annual inflation rate between 30th June 2006 when the consumer price index (CPI) was 85.9 and 30th June 2012 when the CPI was 100.4. Note that you should find the annual CPI inflation rate between these dates. a. 1.9689% pa b. 2.2533% pa c. 2.6337% pa d. 3.1687% pa e. 3.9765% pa

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