Question: (Inflation) Here are some recent data on the U.S. consumer price index: Year CPI Inflation Rate 1997 160.5 1998 163.0 1999 166.6 2000 172.2 2001

(Inflation) Here are some recent data on the U.S. consumer price

(Inflation) Here are some recent data on the U.S. consumer price index: Year CPI Inflation Rate 1997 160.5 1998 163.0 1999 166.6 2000 172.2 2001 177.1 2002 179.9 2003 175.0 a. Compute the inflation rate for each year: from 1997 to 1998 from 1998 to 1999 from 1999 to 2000

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