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25 January, 09:54

If the cpi increases from 250 to 275 for one year, the rate of inflation for that year is

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  1. 25 January, 10:01
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    the rate of inflation for that year is 10%

    To calculate the rate of inflation for that year, we need to use this formula:

    Rate of inflation = (CPI2 - CP1) / CPI1

    Rate of inflation = (275 - 250) / 250

    Rate of inflation = 25 / 250

    Rate of inflation = 1 / 10

    Rate of inflation = 10 %
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