The rate of inflation between year 1 and year 2, based on the CPI, is c. 33.33%.
The Consumer Price Index (CPI) allows us to calculate inflation. To find the inflation across these years, use the formula:
= (CPI₂ - CPI₁) / CPI₁ x 100%
Solving gives us:
= (200 - 150) / 150 x 100%
= 33.3%
In conclusion, the inflation is 33.3%.
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