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If the CPI was 202 in 2009 and 209 in 2010, the rate of inflation for 2010 is ______.

User Shunyo
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Final answer:

The rate of inflation for 2010 is 3.47%.

Step-by-step explanation:

The rate of inflation for 2010 can be calculated by finding the percentage change in the Consumer Price Index (CPI) from 2009 to 2010. The formula to calculate the inflation rate is (CPI at the end of the year - CPI at the start of the year) / CPI at the start of the year.

Applying this formula, the inflation rate for 2010 is (209 - 202) / 202 = 0.0347 or 3.47%. Therefore, the rate of inflation for 2010 is 3.47%.

User Chrisk
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