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The following table shows the consumer prices index (CPI) for the UK, where 2015 = 100.0. Calculate the rate of inflation for each of the
The following table shows the consumer prices index (CPI) for the UK, where 2015 = 100.0. Calculate the rate of inflation for each of the years 200917 and enter the figures in the table. The formula is: Inflation = ((Pt Pt_1)/Pt_1) x 100 where t is the year in question and t1 is the previous year. Give your answer to one decimal place. (The inflation rate for 2008 is given.) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Price index(P) 89.4 96.1 98.5 100.0 m 100.7 103.4
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