The CPI Index for September $1984$ is $100.$ The same CPI index for September $2022$ is $296\mathrm{.}81.$

What was the inflation rate during these $38$ years?

What is the annualized rate of inflation for this period?

About $196\mathrm{.}81\%$ during $38$ years.

About $2\mathrm{.}90\%$ per year

About $196\mathrm{.}81\%$ during $38$ years.

About $5\mathrm{.}18\%$ per year

About $296\mathrm{.}81\%$ during $38$ years.

About $2\mathrm{.}90\%$ per year

About $296\mathrm{.}81\%$ during $38$ years.

About $5\mathrm{.}18\%$ per year