Thread: inflation

Hi everyone,
I cant figure out this equation:

i have to find the rate of inflation using these numbers and formula.

in 1980: 82.4 1981: 90.9
(90.9-82.4)/82.4=

For a 3% rate of inflation per year from 2003 on What would the consumer price index be in 2006?

I have to use a table with these dates:
2001: 177.1
2002: 179.9
2003: 184.0
2004: 189.5
2005 (est) 195.0
2006 (est) 200.5

Please I really stink at these things!!!

Originally Posted by crazykitty

For a 3% rate of inflation per year from 2003 on What would the consumer price index be in 2006?

I have to use a table with these dates:
2001: 177.1
2002: 179.9
2003: 184.0
2004: 189.5
2005 (est) 195.0
2006 (est) 200.5

Please I really stink at these things!!!

You have three years from 2003, and all you need is the 2003 data.

Thank you so much!!!

Originally Posted by crazykitty

Thank you so much!!!

You are welcome crazykitty!