The wholesale price index numbers for the year 2014 and 2015 are found to be 177.6 and 181.2 respectively.
Find the rate of inflation using index numbers of both the years.
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Answer:
rate of inflation is 2.03 % for 2015 as compared to 2014
Explanation:
181.2 - 177.6 = 3.6
(3.6 * 100 )/ 177.6 = 2.03%
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