3018EconomicsMedium
In 1989, the CPI was 124.0 in 1990, it was 130.7 What was the rate of inflation over this period?
AYou can’t tell without knowing the base year
B30.7 percent
C5.4 percent
D5.1 percent
Correct answer
C. 5.4 percent
Explanation
The correct answer is 5.4 percent.