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Refer to Table 9-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2017 and 2018

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The inflation rate between 2017 and 2018 is 2.86%.

What is the inflation rate?

Inflation rate is used to determine the rate at which the general price levels in an economy is increasing with the passage of time.

The inflation rate = (2018 CPI / 2017 CPI) - 1

(180 / 175) - 1 = 0.0286 = 2.86%

To learn more about CPI, please check: https://brainly.com/question/26382640

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