The table shows changes in the Consumer Prices Index (CPI) from the base year, 1 , and for the next three years. Which statement is correct?
A.
Consumer prices were highest in year 3.
B.
The rate of inflation was \(2.1 \%\) in year 4.
C.
The rate of inflation was highest in year 2.
D.
The rate of inflation was lowest in year 1 .
Exam No：0455_s21_qp_12 Year：2021 Question No：19
Answer:
C
Knowledge points:
4.8.2 measurement of inflation and deflation : Measurement of inflation and deflation using the Consumer Prices Index (CPI).
Solution:
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