Find out the geometric mean annual increase

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The Consumer Price Index is reported monthly by the U.S. Bureau of Labor Statistics. It reports the change in prices for a market basket of goods from one period to another. The index for year 1999 was $166.5. By year 2013, it increased to $213.300.

What was the geometric mean annual increase for the period? Round to two decimal places

Reference no: EM132854740

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