Question

How would i calculate the rate of change over the given period.

Answer 1

Explanation

To find the rate of change, we will have to identify the months

The table below shows the months required

We will find the change in the inflation by dividing by the change in inflation by the change in month

The rate of change from February and April will be

`\begin{gathered} (2.6-2.1)/(3-1)=(0.5)/(2)=0.25 \\ \\ \end{gathered}`

The rate of change from February and April is 0.3% per month

The rate of change between July and October will be

`(1.8-2.2)/(9-6)=\frac{-0.4\text{ \%}}{3}=-0.133\text{ \%}`

The rate of change between July and October will be - 0.1 % per month