he CPI for Marchof2020 (shown as 20200301 inFRED) was 257.989 The CPI for Marchof2021 (shown as 20210301
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Question:
he CPI for Marchof2020 (shown as 20200301 inFRED) was 257.989
The CPI for Marchof2021 (shown as 20210301 inFRED) was 264.793
Using the CPI values you enteredabove, calculate the inflation rate for the past year.
The inflation rate was ??? percent. (Round your response to two decimalplaces.)
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