Average rate of inflation over the given period

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The below-given data is the monthly data for Inflation rate for the US economy from 1 Jan 1948 to 1 Sep 2023.

Question 1. Calculate the average rate of inflation over the given period.

Question 2. What is the historical average?

Question 3. What is your opinion Considering the current rate of inflation in the context of historical average.

Reference no: EM133711878

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