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If the CPI is 251.01 in year 1 and 279.61 in year 2, what is the approximate inflation rate between the two years? a.1.59% b.Negative

If the CPI is 251.01 in year 1 and 279.61 in year 2, what is the approximate inflation rate between the two years?

a.1.59%

b.Negative 4%

c.4.88%

d.11.39%

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