Solution-As reported by the bureau of labor statistics the

As reported by the bureau of labor statistics the cpi for

Reference no: EM13485643

As reported by the Bureau of Labor Statistics, the CPI for 2004 was 189.7 (using a Base Year of 1983 = 100). The CPI for 2005 was 196.1. Based on this data, what was the inflation rate for 2005?

(a) 2.3%
(b) 3.4%
(c) 4.5%
(d) 32.6%

Reference no: EM13485643

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As reported by the bureau of labor statistics the cpi for

Reference no: EM13485643

Reference no: EM13485643

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