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Suppose that the National Consumer Price Index (INPC) in Mexico indicates that in January 1998 the INPC was located at 46.28. For January 2,016 this

Suppose that the National Consumer Price Index (INPC) in Mexico indicates that in January 1998 the INPC was located at 46.28. For January 2,016 this value was located at 100.79.

What was the annual rate of inflation for this period?

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