2. Calculate the annual average inflation rate for the period 2000-2016 (16 years). 

3. Provide one example of each calculation, and round your final results to two decimal places.

	Value of basket	Annual Inflation Rate	CPI index	Annual Inflation Rate	CPI index	Annual Inflation Rate
	of goods		2000=100		2010=100
2009	430,298
2010	407,865
2011	592,873
2012	651,567
2013	755,818
2014	814,016
2015	859,600
2016	790,074

Answer rating: 100% (QA)

To calculate the annual average inflation rate for the period 20002016 we need to compare the Consum... View the full answer