Use the data in Table 3.2 to calculate the annual rate of increase in the CPI over the 14-year period from December 2000 to December 2014.

Table 3.2

Transcribed Image Text:

1981 8.9 1998 1.6 1982 3.8 1999 2.7 1983 3.8 2000 3.4 1984 3.9 2001 1.6 1985 3.8 2002 2.4 1986 1.1 2003 1.9 1987 4.4 2004 3.3 1988 4.4 2005 3.4 1989 4.6 2006 2.5 1990 6.1 2007 4.1 1991 3.1 2008 0.1 1992 2.9 2009 2.7 1993 2.7 2010 1.5 1994 2.7 2011 3.0 1995 2.5 2012 1.7 1996 3.3 2013 1.5 1997 1.7 2014 0.8