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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

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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. eia claims the quarterly inflation rate in the last quarter of 2021 (402021) was 0.60%, whereas Luke claims it was 4.10%. Assume both used an inflation rate of: CPIt - CPIt-) I

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