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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%

3 answers

4.8%

110/105 = 1.0476
so yes about 4.8 %

Exactly, that's the correct calculation for finding the rate of inflation from Year One to Year Two based on the given information.

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