Use the Following to Answer Questions: Table: Consumer Price Index

Multiple Choice

Use the following to answer questions: Table: Consumer Price Index $$\begin{array} { l c } \hline \text { Year } & \begin{array} { l } \text { CPI } \\\text { (End-of-Yea } \\\text { r Value) }\end{array} \\\hline 2005 & 195.3 \\2006 & 201.6 \\2007 & 207.3 \\2008 & 215.3 \\2009 & 214.5 \\2010 & 218.1 \\\hline\end{array}$$
-(Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. What was the approximate inflation rate over the period 2007 to 2008?

A) 8.00%
B) 21.53%
C) 3.86%
D) 3.72%