Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin

Exercise 15

Using 1913 as the base year with a value of 100, the ENR construction cost index (CCI) for October 2005 was 7562.50.For October 2006, the CCI value was 7882.53.( a ) What was the inflation rate for construction for that one-year period? ( b ) The index value for January 2007 was 7879.58.What was the inflation rate over the period October 2006 and January 2007?