Question

If prices rise at 0.3% per month, what will be the compounded inflation rate over 12 months?

+0.4%
+3.66%
+1.5%
+4.9%
+42.57%
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Answer 1

The compounded inflation rate over 12 months, with prices rising at 0.3% per month, would be approximately +3.66%. So, the correct answer is +3.66%.