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Calculate the Consumer Price Index with the following information: The CPI in January of year one is 199.9, and it was 190.4 exactly one year

Calculate the Consumer Price Index with the following information: The CPI in January of year one is 199.9, and it was 190.4 exactly one year earlier. Calculate the CPI. Group of answer choices 7% 10% 5% 9%If you were paid $60,000 in 2004, the purchasing power with that same amount of money today would only be $47,000. What would the inflation rate be, according to this? Group of answer choices 13.67% 5.32% 21.67% 11.87%

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