Refer to the following table to answer the question: Year Jan Feb Mar Apr May Jun...

 

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Refer to the following table to answer the question: Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2016 94,4 95,7 96,4 97,2 97,4 97,9 98,7 98,6 98,8 99,3 99,6 100,0 97,8 2017 100,6 101,7 102,3 102,4 102,7 102,9 103,2 103,3 103,8 104,1 104,2 104,7 103,0 2018 105,0 105,8 106,2 107,0 107,2 107,6 108,5 108,4 108,9 109,4 109,6 109,4 107,8 2019 109,2 110,1 111,0 111,7 112,0 112,4 112,8 113,1 113,4 113,4 113,5 113,8 112,2 2020 114,1 115,2 Source: Statistics South Africa (2020) .. ... Calculate the month-on-month inflation rate in December 2019. Show all the steps in the calculation. (2) Refer to the following table to answer the question: Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2016 94,4 95,7 96,4 97,2 97,4 97,9 98,7 98,6 98,8 99,3 99,6 100,0 97,8 2017 100,6 101,7 102,3 102,4 102,7 102,9 103,2 103,3 103,8 104,1 104,2 104,7 103,0 2018 105,0 105,8 106,2 107,0 107,2 107,6 108,5 108,4 108,9 109,4 109,6 109,4 107,8 2019 109,2 110,1 111,0 111,7 112,0 112,4 112,8 113,1 113,4 113,4 113,5 113,8 112,2 2020 114,1 115,2 Source: Statistics South Africa (2020) .. ... Calculate the month-on-month inflation rate in December 2019. Show all the steps in the calculation. (2)

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The monthonmonth inflation rate is calculated using ... View the full answer