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Here is data on the U.S. consumer price index (CPI) -- CPI January 2021: 261.582 CPI December 2020: 260.464 CPI January 2020: 257.971 What was

Here is data on the U.S. consumer price index (CPI) -- CPI January 2021: 261.582 CPI December 2020: 260.464 CPI January 2020: 257.971 What was the month-over-month inflation in January 2021? What was the year-over-year inflation in January 2021? Write your answers and the formulas you would use in Excel.

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