how to calculate inflation rate from cpi

Inflation rate can be calculated using Consumer Price Index (CPI). Formula: (CPI in current year – CPI in previous year) / CPI in previous year * 100 = Inflation rate as a percentage. Example: If the current year’s CPI is 110 and the previous year’s was 100, then (110-100)/100 * 100 = 10% inflation rate.

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