Question

If the CPI changes from 121 to 124 between December 2018 and December 2019, the:

deflation rate for 2019 is 2.4%
inflation rate for 2019 is 4.2%.
inflation rate for 2019 is 2.5%.
deflation rate for 2019 is 3%.

Answer 1

jus 2 ez pz broski lemon squeze

Explanation:

Answer 2

Inflation rate for 2019 is 2.5%

Explanation:

(124/121) - 1 = 1.02479 - 1 = .02479

Change 0.02479 to percent by multiplying 100 = 2.479%

Round this up to 2.5%

Since the value is increasing from 121 in 2018 to 124 in 2019, this is an inflation.