Here are some recent data on the U.S. consumer price index: Compute the inflation rate for each

Question:

Here are some recent data on the U.S. consumer price index: Year CPI 1997 160.5 1998 163.0 1999 166.6 2000 172.2 2001 177.1 2002 179.9 Year CPI 2003 184.0 2004 188.9

Compute the inflation rate for each year 1998-20141 and determine which years were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?

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