Use the information in the table provided below to calculate inflation in 1974. Round to one decimal, don't include any symbols. Inflation in 1974 was type your answer... How does this rate of inflation compare to the inflation experienced in the United States currently? Was inflation in 1974 (a) higher, (b) lower, or (c) about the same as inflation is now? Type in the letter of the phrase that makes the correct comparison: type your answer... YEAR CPI 1969 36.7 1970 38.8 1971 40.5 1972 41.8 1973 44.4 1974 49.3 1975 53.8 %. 1976 56.9 1977 60.6 1978 65.2 1979 72.6 1980 82.4 1981 90.9 1982 96.5 Source: US Bureau of Labor Statistics, http://www.bls.gov/cpi/data.htm, accessed 1-27-15.