CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

Consider the following information regarding consumer price index (CPI) numbers for this year and last year.

CPI this year: 267.54
CPI last year: 261.25

The inflation rate (in %) for the period is closest to ______.
A. 2.36
B. 2.39
C. 2.41
Explanation: The inflation rate is calculated as: ((CPI this year - CPI last year) / CPI last year) x 100. In this question, the inflation rate is ((267.54 - 261.25) / 261.25) x 100 = 2.407656.

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