The CPI for 2000 was 171.2 and the projected CPI for 2008 is 220. What is the general inﬂation rate over the last 8 years?

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Q. The CPI for 2000 was 171.2 and the projected CPI for 2008 is 220. What is the general inﬂation rate over the last 8 years?

(A) 3.65%
(B) 6.1%
(C) 3.18%
(D) 2.83%

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✅ Correct Answer: (C) 3.18%

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