Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Inflation Rate Calculation
Consumer Price Index (CPI)
Formulas
Annual Inflation = (CPI in Dec 2019 - CPI in Dec 2018) / CPI in Dec 2018 * 100
Annualized Inflation = (CPI in Aug 2019 - CPI in Aug 2018) / CPI in Aug 2018 * 100
Monthly Inflation = Annual Inflation / 12
Theorems
Percentage change formula
Suitable Grade Level
University-level Economics or Finance
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