If the cpi was 110 last year and is 121 this year what is, Ask an Expert

Economics

If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? In contrast, suppose that the CPI was 110 last year and 108 this year. What is this year’s rate of inflation? What term do economics use to describe this second outcome?

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Business Economics, Economics

Category:- Business Economics
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