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Calculate the inflation rate experienced in 2014 and 2015 given the CPI for each year below: Year CPI (as of December 31 of the year)

Calculate the inflation rate experienced in 2014 and 2015 given the CPI for each year below:

Year CPI (as of December 31 of the year) Inflation rate (%)

2013 124.5 Not applicable for 2013

2014 125.2 ?

2015 127.5 ?

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