year	average monthly rent	average month income	CPI
1978	308	1255	65.2
1988	568	2269	118.3
1998	765	3240	163.0

2008. $1081 $ 4192 215.3

2018.

$1419.

$5114

251.2

USE THE TABLE ABOVE

1. What was the inflation rate from 1978 to 2018? Round to the nearest tenth of a percent.

2. What percent did rent increase from 1978 to 2018? Round to the nearest tenth of a percent.

3. Convert the average monthly rent in 1988 to 2018 dollars. Round to the nearest cent. Did rent rise more or less than expected with inflation from 1988 to 2018?

4. Convert the average monthly income in 1988 to 2018 dollars. Round to the nearest cent. Did income rise more or less than expected with inflation from 1988 to 2018?