Question
The following table gives the value of the consumer price index for 2009 through 2018. Year Consumer Price Index Percentage Increase 2009 214.5 NA 2010
The following table gives the value of the consumer price index for 2009 through 2018.
Year | Consumer Price Index | Percentage Increase |
2009 | 214.5 | NA |
2010 | 218.1 | |
2011 | 224.9 | |
2012 | 229.6 | |
2013 | 233.0 | |
2014 | 236.7 | |
2015 | 237.0 | |
2016 | 240 | |
2017 | 245.1 | |
2018 | 251.1 |
Instructions: To answer the followingquestions, complete the percentage increasecolumn in the above table. Enter your responses rounded to two decimal places and include a negative sign (-) where appropriate. a) Use the data in the table to calculate the inflation rate in2014. % b) What was the percentage increase of the average price level from 2009 to 2015? % c) Inflation was highest in? inflation was lowest in ?
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