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Suppose That the CPI in Egypt Was 111 in 2011

Question 86

Multiple Choice

Suppose that the CPI in Egypt was 111 in 2011 and 122 in 2012. The inflation rate between those two years was approximately

A) 4.8 percent.
B) 5.5 percent.
C) 9.9 percent.
D) 11 percent.

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