Data period CPI Dec-2019 116.2 Mar-2020 116.6 Jun-2020 114.4 Sep-2020 116.2 Dec-2020 117.2 Mar-2021 117.9 Jun-2021 118.8 Sep-2021 119.7 Dec-2021 121.3 Mar-2022 123.9 The table above illustrates the Australian CPI from the last quarter of 2019 until the first quarter of 2022. Martha claims the non-annualised inflation rate in the last quarter of 2021 (4Q2021) was 0.50% pa, whereas Luke claims it was 3.50% pa. Assume both used an inflation rate of: CPIt - CPIt-i vi > 1 CPIt-j Choose the best alternative: Select one: a. Martha is correct if we are talking about the inflation rate over the year, i.e., from 3Q2021 to 4Q2021. O b. Luke is correct if we are talking about the inflation rate over the year, i.e., from 4Q2020 to 4Q2021. O c. Neither Martha nor Luke is correct, no matter which period is considered. O d. Both Martha and Luke are correct, no matter which period is considered. O e. All the other alternatives are incorrect