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The average monthly inflation rate for the year, based on the provided table, is approximately **0.57%**.

Would you like any further details or explanations? Here are five related questions to expand on this topic:

1. How is inflation calculated for a specific period?
2. What impact does a monthly inflation rate have on an annual scale?
3. How can inflation affect purchasing power over time?
4. What methods are used to control inflation in an economy?
5. How is inflation connected to interest rates?

**Tip:** To calculate the cumulative effect of inflation over multiple months, you can use compounded growth, not just a simple sum of monthly rates.

Calculate the average monthly inflation rate based on the following table of inflation rates for each month.

Learn how to calculate the average monthly inflation rate using a table of inflation percentages for each month. This tutorial explains the steps, the arithmetic mean formula, and provides a solution with detailed data points.

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