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The following table lists the actual per-gallon prices for unleaded regular gasoline for March of each year between 2019 and 2022, together with the values
The following table lists the actual per-gallon prices for unleaded regular gasoline for March of each year between 2019 and 2022, together with the values of the CPIs for those years in the US. For each year from 2019 to 2022, find the inflation rate and the change in the real price of gasoline, both from the previous year.
Year Gasoline price ($/gallon) CPI (1982-1984=1.00)
2019 2.393 2.543
2020 2.533 2.582
2021 2.587 2.650
2022 3.611 2.877
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