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You normally divide by the previous year. The general rule for calculating a relative (or percentage) change is to look at the change compared to the base, or earlier, year.

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8y ago

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How can one determine the annual inflation rate?

To determine the annual inflation rate, one can compare the Consumer Price Index (CPI) from the current year to the CPI from the previous year. The formula for calculating inflation rate is: (CPI current year - CPI previous year) / CPI previous year x 100. This will give you the percentage increase in prices over the year, which represents the annual inflation rate.


How to calculate the annual inflation rate from CPI data?

To calculate the annual inflation rate from CPI data, subtract the previous year's CPI from the current year's CPI, divide by the previous year's CPI, and then multiply by 100. This will give you the percentage increase in prices over the year.


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To calculate the inflation rate using the Consumer Price Index (CPI), you can follow this formula: Inflation Rate ((Current CPI - Previous CPI) / Previous CPI) x 100 This formula compares the current CPI to the previous CPI to determine the percentage change in prices over time.


How can one find the inflation rate using the Consumer Price Index (CPI)?

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How to get the inflation rate?

To calculate the inflation rate, you can use the formula: Inflation Rate ((Current CPI - Previous CPI) / Previous CPI) x 100. The Consumer Price Index (CPI) measures the average change in prices over time for a basket of goods and services. By comparing the current CPI to the previous CPI, you can determine the percentage increase in prices, which represents the inflation rate.