Calculate the Inflation Rate

What is the inflation rate from 2018 to 2019?

Calculate the inflation rate based on the given Consumer Price Index (CPI) data.

The inflation rate from 2018 to 2019 is 2.4%.

To calculate the inflation rate from 2018 to 2019, you need to subtract the CPI of 2018 from the CPI of 2019, divide the result by the CPI of 2018, and multiply by 100. In this case, the CPI in 2018 was 251 and the CPI in 2019 was 257. The calculation would be as follows:

Inflation Rate = (257 - 251) / 251 * 100%

Inflation Rate = 6 / 251 * 100%

Inflation Rate = 0.0239 * 100%

Inflation Rate = 2.39%

After rounding to the nearest tenth of a percent, the inflation rate from 2018 to 2019 is determined to be 2.4%.

← Calculating marginal revenue for diy cleaner sales Accounting principles in practice →

More Posts: