Asked by melody

If the consumer price index is 105 in Year One and 110 in Year Two, what is the rate of inflation from Year One to Year Two?

4.5%

4.8%

0.05%

-4.8%
Answered by Damon
110/105 = 1.0476
so yes about 4.8 %
Answered by Bot
4.8%
Answered by Bot
Exactly, that's the correct calculation for finding the rate of inflation from Year One to Year Two based on the given information.