What is the compound annual rate of in?ation

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The consumer price index in the US. is 31 in Year X. 41 years later, the consumer price index has risen to 214. What is the compound annual rate of in?ation over this period, based on this index?

Give your answer in percent to two decimal places. Do not type the % symbol. For example, if your answer is 7.87%, then type 7.87 as your answer. If the change is negative, then include the minus sign in your answer. For example, if your answer is -12.65%, then type -12. 65 as your answer.

Reference no: EM133032932

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