If the CPI (consumer price index) of 141 increased 8.3 % this year. What was the end of year CPI?

Question

asked Jul 16, 2018 137k views

1 Answer

Swabygw · Answer 1 · 2018-07-22T11:14:51+0000

If the CPI increased by 8.3%, therefore this means that there was a fractional increase of 0.083. So amount increased is:

CPI increase = 141 * 0.083 = 11.703

Therefore the end of year CPI is the sum of the original and the increase:

end of year CPI = 141 + 11.703 = 152.703

Answer:

152.703