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Question

What is the rate of inflation for the year 2018 if the CPIs for the years 2017 and 2018 are 300 and 305 respectively?


A

1.57

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B

1.67

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C

1.70

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D

1.77

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Solution

The correct option is B

1.67


Given, CPI in 2018 = 305
CPI in 2017 = 300
Rate of inflation (%) = [(CPI in 2018 – CPI in 2017)/CPI in 2017] 100=[(305300)300]100=53=1.67


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