QUIZ. 45 pis possible Submit Quiz The table on the right shows four major price indices of the US economy: the Consumer Price Index (CPI), the Producer Price Index (PPI), the Personal Consumption Expenditure Index (PCE) and the GDP deflator. Selected Price Indices All four indices are used to measure inflation. GDP Deflator Year CPI PPI PCE Based on the data from the four indices in the table, which price index 1998 94.66 93.75 95.98 96.47 suggests the highest rate of inflation between the years 2000 and 2001? 1999 96.73 94.54 97.58 97.87 What was the corresponding inflation rate suggested by this index? 2000 100.0 100.0 100.0 100.0 A. The CPI indicating the highest inflation rate (2.83%). 2001 102.83 101.11 102.09 102.4 2002 104.46 98.79 103.54 104.09 O B. The CPI indicating the highest inflation rate (2.40%). 2003 106.83 104.07 105.52 106 O C. The PPI indicating the highest inflation rate (2.53%). 2004 109.69 110.5 108.25 108.24 O D. The GDP indicating the highest inflation rate (2.40%). Data source: The source for the PCE is the Bureau of Economic Analysis: all other indices were obtained from the International Financial Statistics (IFS), the CD-ROM Electronic Database of the International Monetary Fund (IMF)