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Suppose the CPI in 2020 is 250 and the CPI in 2021 is 277.5. The inflation rate in 2021 O is lower than in 2020

Suppose the CPI in 2020 is 250 and the CPI in 2021 is 277.5. The inflation rate in 2021 O is lower than in 2020 because the 2021 price level is less than twice the 2020 price level is higher than in 2020 because the price level is greater than 200 is higher than in 2020 because the price level has increased might be higher, lower, or the same as in 2020

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