2014 236.7 ??? 2015 237.0 ??? 2016 240.0 ??? 2017 245.1 ??? a) Calculate the inflation rates for the years 2014-2017. b) Was there disinflation in those years? If so, in which year(s)?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 35P: With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years?...
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Infl.
Year
CPI
Rate
2010
218.1
2011
224.9
3.1%
2012
229.6
2.1%
2013
233.0
1.5%
2014 236.7
???
2015
237.0
???
2016
240.0
???
2017
245.1
???
a) Calculate the inflation rates for the years 2014-2017.
b) Was there disinflation in those years? If so, in which year(s)?
Transcribed Image Text:Infl. Year CPI Rate 2010 218.1 2011 224.9 3.1% 2012 229.6 2.1% 2013 233.0 1.5% 2014 236.7 ??? 2015 237.0 ??? 2016 240.0 ??? 2017 245.1 ??? a) Calculate the inflation rates for the years 2014-2017. b) Was there disinflation in those years? If so, in which year(s)?
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