What is the rate of inflation for the year 2000 if the CPIs for the years 1999 and 2000 are 54 and 59 respectively?

8.47

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9.26

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5.60

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4.49

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Solution

The correct option is B
9.26

Given, CPI in 1999 = 54

CPI in 2000 = 59

Rate of inflation $(%) = [\frac{(CPI in 2000 - CPI in 1999)}{CPI in 1999}] * 100$

$= [\frac{(59 - 54)}{54}] * 100 = 9.26$

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