If Year 1 is the base year and Year 2 is the following year, then the inflation rate in Year 2 equalsSingle choice

A

[(CPI in Year 2 − CPI in Year 1)/CPI in Year 1] × 100.

B

[(CPI in Year 1 − CPI in Year 2)/CPI in Year 2] × 100.

C

[(CPI in Year 1 − CPI in Year 2)/CPI in Year 1] × 100.

D

[(CPI in Year 2 − CPI in Year 1)/CPI in Year 2] × 100.

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