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Year CPI Inflation Rate (percent) 1931 16.6 1932 14.4 -12.3 1933 13.7 .8.4 1946 20.9 1947 24.4 19.1 1948 25.5 20.1 1978 71.4 1979 77.8

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Year CPI Inflation Rate (percent) 1931 16.6 1932 14.4 -12.3 1933 13.7 .8.4 1946 20.9 1947 24.4 19.1 1948 25.5 20.1 1978 71.4 1979 77.8 12.6 1980 89.5 22.6 2001 188.6 2002 191.8 1.6 2003 203.2 5.4 Instructions: Enter the year using all four numbers (yyyy). b. Using the table above, indicate the year the economy experienced: The highest annual inflation rate: The largest annual negative inflation (deflation) rate: The most stable price level (annual inflation rate closest to zero):The table below shows six years of hypothetical CPI values for the United States. Using the information in the table, compute the annual inflation rate. Instructions: Round your answers to two decimal places. CPI Values and Inflation Inflation Rate Year CPI (percent) 2009 212. 29 2010 217.33 % 2011 227.59 2012 231.34 2013 240.92 2014 248. 68

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