What is the average inflation rate for the projected price

Reference no: EM13223383

The current price in the CPI for a pound of coffee is $7.25, and it is projected to increase next year by 2%, then decrease by 3% in the following year, and then increase by 5% the third year. What is the average inflation rate for the projected price of coffee over the next 3 years?

Reference no: EM13223383

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