Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Inflation Calculation
Consumer Price Index (CPI)
Formulas
Annual inflation: ((CPI in Dec 2019 / CPI in Dec 2018) - 1) * 100
Annualized inflation to August: ((CPI in Aug 2019 / CPI in Aug 2018) - 1) * 100
Average monthly inflation: (Annual inflation / 12)
Theorems
Percentage Change Formula
Suitable Grade Level
High School (Grades 9-12)
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