The consumer price index was 238 one year and 244 in the next year. Inflation rise between these two years would be 2.52 percent.
The Consumer Price Index (CPI) is a gauge of how prices for a variety of products and services are changing on average for city dwellers over time. There are indexes accessible in the US and other countries. The CPI is used to calculate inflation.
Consumer Price Index calculated is the ratio of the value of a fixed basket purchased by a typical consumer to the value of the basket in the base year multiplied by 100.
First subtract the CPI of the start date (A) from the later date (B) and divide it by the CPI of the start date (A). Then multiply the result by 100 to get the inflation rate.
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