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Determine the annual inflation rate

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Reference no: EM133168740

Question - The CPI-U is the Consumer Price Index. This measures the changes in the price of a "basket" of goods and services purchased by urban consumers. The following table shows the CPI-U for all cities in the U.S. for all goods reported in December of each year.

Year

CPI-U

2015

243.5

2016

249.8

2017

252.7

2018

256.36

2019

265.87

Required - Determine the annual inflation rate to two (2) decimal places between each year. You will have 4 inflation rates.

Reference no: EM133168740

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