Country inflation rate, Calculate the percentage difference

Country inflation rate

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Reference no: EM133629777

Question

In Country A, consumers spent $270 $ ? 270 a month on a basket of goods in 2007 and $320 $ ? 320 in 2008. In Country B, the price of the same basket of goods was $25 $ ? 25 higher than in Country A in 2007 and $30 $ ? 30 higher in 2008. Calculate the percentage difference between Country A's and Country B's inflation rates from 2007 to 2008. Throughout your calculations, round to one decimal place if necessary.

Reference no: EM133629777

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