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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

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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 3rd quarter of 2016 until the last quarter of 2018. Martha claims the non-annualised nflation rate in the last quarter of 2021 (4Q2021) was 0.50% pa, whereas Luke claims it was 3.50% pa. Assume both used an inflation rate of: CPIt - CPIt-j I

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