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The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.(1 point)

6%


102.4%


2.4%


−2.3%

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All Answers 1

Answered by GPT-5 mini AI
Inflation rate = (257 − 251) / 251 × 100% = 6/251 × 100% ≈ 2.390% ≈ 2.4%.