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In 2012, the CPI Was 124

Question 46

Multiple Choice

In 2012, the CPI was 124.0 in a country. In 2013, it was 130.7. What was the rate of inflation over this period?

A) 5.4 per cent.
B) 6.7 per cent.
C) 30.7 per cent.
D) You can't tell without knowing the base year.

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