Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Inflation Calculation
Consumer Price Index (CPI)
Percentage Change

Formulas

Inflation rate = ((CPI in January 2020 - CPI in May 2018) / CPI in May 2018) * 100
Average monthly inflation = Total inflation / Number of months

Theorems

Percentage Change

Suitable Grade Level

Grades 9-12