If the price index increased from 100 in 2021 to 110 in 2022 to 132 in 2023, then the rate of inflation is: (a) 10% (b) 32% (c) 20% (d) Cannot be determined

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Submitted by examrobotsa on

Q: 58 (CDS-II/2024)
If the price index increased from 100 in 2021 to 110 in 2022 to 132 in 2023, then the rate of inflation is:
(a) 10%
(b) 32%
(c) 20%
(d) Cannot be determined

question_subject: 

Economics

question_exam: 

CDS-II

The rate of inflation is calculated by the percentage change in the price index from 2022 to 2023. {(132-110)/110}*100 = 20%, so the answer given in the options might require reevaluation if there is a misprint.