Question

eleven years ago, a guitar cost $1,800. today, that same guitar costs $3,650. what has been the inflation rate on this instrument? a) 6.64 percent b) 6.32 percent c) 6.57 percent d) 6.81 percent e) 6.49 percent

Answer 1

Eleven years ago, a guitar cost $1,800. today, that same guitar costs $3,650. what has been the inflation rate on this instrument is 6.64 percent.

The CPIH items annual inflation rate multiplied to 13.2% in September 2022, from 13.0% in August, following a 0.7% boom withinside the month. Between August and September 2022, CPIH offerings rose through 0.2%, which supposed that the once-a-year inflation fee rose to 5.3% in September 2022, from 5.1% in August the inflation fee yrs. over yrs. is 8.202% (in comparison to 8.263% for the preceding month). Inflation from August 2022 to September 2022 become 0.215%.

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