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

1.57

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1.67

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1.70

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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] $* 100 = [\frac{(305 - 300)}{300}] * 100 = \frac{5}{3} = 1.67$

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

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=[(305−300)300]∗100=53=1.67

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] $* 100 = [\frac{(305 - 300)}{300}] * 100 = \frac{5}{3} = 1.67$