Estimating the Inflation Rate from the Consumer Price Index

Estimating the Inflation Rate from the Consumer Price Index

Use the following hypothetical data to calculate the inflation rate between various years.


Year
2010
2011
2012
2013
2014
2015
CPI
100
101
105
113
120
126



Earlier Year
Later Year
Inflation Rate
Earlier Year
Later Year
Inflation Rate
2010
2011
1%
2011
2015
24.75%
2010
2012
5%
2012
2013
7.62%
2010
2013
13%
2012
2014
14.29%
2010
2014
20%
2012
2015
20%
2010
2015
26%
2013
2014
6.19%
2011
2012
3.96%
2013
2015
11.50%
2011
2013
11.88%
2014
2015
5%
2011
2014
18.81%