The Consumer Price Index (CPI) in year 1 was 120 and in 12 months 2 was one hundred fifty Inflation is the upward jostle in the fee level.
The inflation between year 1 and yr two is calculated below. Hence, the inflation fee between 12 months 1 and 12 months 2 is 25%.
price index, measure of relative charge changes, consisting of a series of numbers arranged so that a contrast between the values for any two intervals or places will show the average trade in prices between intervals or the average distinction in expenditures between places.
The Consumer Price Index (CPI) measures the monthly trade in expenses paid by U.S. consumers.
Learn more about price index here:
