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In January of 1997,the U

Question 45

Multiple Choice

In January of 1997,the U.S.Consumer Price Index (CPI) stood at 159.1.By January of 2017,the level had risen to 242.84.What was the average annual rate of inflation over this time period as measured by the CPI?


A) 2.14%
B) 3.35%
C) 2.35%
D) 2.60%

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