give the formula of rate of inflation
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Subtract the starting date CPI from the later date CPI and divide your answer by the starting date CPI. Multiply the results by 100. Your answer is the inflation rate as a percentage.
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Answer:
cpl2-cpl1
inflation rate=------------×100
cpl1
cpl2 is the cpl in the second period
cpl1 is the cpl in the previous period
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