Reference:MEASURING RATE OF INFLATION

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INFLATION RATE

To figure inflation rate, use Consumer Price Index.

Take beginning and ending figures and figure the difference.

Divide this difference by the beginning date's figure.

The result equal rate of inflation.

Example: 1974-147.7; 1975-1161.2
Difference = 13.5
Divide 13.5 by 147.7
Result is 9.1%

Source: L.A. BLS Office, Faith Heinemann (213) 688-4985

See also Consumer Price Index

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