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Calculate the rate of inflation between 2012 and 2019

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Reference no: EM132412186

An office building is valued at $1 million in 2019, which is 20% greater than its value in 2012. Using prices in 2012 as the base year, know that prices in the economy have grown on average by 1.35 times between 2012 and 2019.

Calculate the rate of inflation between 2012 and 2019.

Reference no: EM132412186

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