Use the Following Consumer Price Index Data to Answer the Questions

Short Answer

Use the following consumer price index data to answer the questions.
$$\begin{array} { | c | c | } \hline \text { YEAR } & \begin{array} { c } \text { CONSUMER } \\\text { PRICE INDEX }\end{array} \\\hline 2001 & 169.8 \\\hline 2002 & 174.6 \\\hline 2003 & 182.0 \\\hline 2004 & 180.8 \\\hline 2005 & 177.6 \\\hline 2006 & 179.1 \\\hline\end{array}$$ ​
(a) What was the inflation rate in 2003?
(b) What was the inflation rate in 2005?
(c) Out of the years shown in the table, which year(s) experienced deflation?
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