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(Inflation) Here are some recent data on the U.S. consumer price index: Year CPI Inflation Rate 1997 160.5 1998 163.0 1999 166.6 2000 172.2 2001

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(Inflation) Here are some recent data on the U.S. consumer price index: Year CPI Inflation Rate 1997 160.5 1998 163.0 1999 166.6 2000 172.2 2001 177.1 2002 179.9 2003 175.0 a. Compute the inflation rate for each year: from 1997 to 1998 from 1998 to 1999 from 1999 to 2000

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