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Inflation rate between the first and the second year

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The consumer price index (CPI) in the first year is 75, in the second year is 110, and in the third year is 150. Round your answers to 2 decimals.

a. What is the inflation rate between the first and the second year?

b. What is the inflation rate between the second and the third year?

Reference no: EM131695383

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