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)