(Inflation) Here are some recent data on the U.S. consumer price index: Compute
ID: 1250179 • Letter: #
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(Inflation) Here are some recent data on the U.S. consumer price index:
Compute the inflation rate for each year 1989–2006 and determine which were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?
(Inflation) Here are some recent data on the U.S. consumer price index: Compute the inflation rate for each year 1989?2006 and determine which were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?Explanation / Answer
1988 118.3 1989 124 4.818% 1990 130.7 5.403% 1991 136.2 4.208% 1992 140.3 3.010% 1993 144.5 2.994% 1994 148.2 2.561% 1995 152.4 2.834% 1996 156.9 2.953% 1997 160.5 2.294% 1998 163 1.558% 1999 166 1.840% 2000 172.2 3.735% 2001 177.1 2.846% 2002 179.9 1.581% 2003 184 2.279% 2004 188.9 2.663% 2005 195.3 3.388% 2006 201.8 3.328% There were no years where deflation occurred. There's no standard for hyperinflation (at least >50% per month). All these figures are consistent with steady inflation.
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