Assume That the Consumer Price Index Is 103

Multiple Choice

Assume that the consumer price index is 103.9 for 2018 and 107.6 for 2019. What was the inflation rate between these two years?

A) 0.97%
B) 0.97%.
C) 1.04%.
D) 1.04%
E) 3.56%.
F) 3.56%
G) 3.70%.
H) 3.70%