If Nigeria’s composite price index in 1999 was 140.03% in 2000; the rate of inflation in 2000 was? by Sunday | Oct 28 | Economics JAMB | 0 comments A. 4.02% B. 2.10% C. 2.06% D. 1.03% Correct Answer: Option D – 1.03% Users Also Read These:The formula (index of export prices)/(index of…A country's import price index by 1995 was 50 and…A trader paid insurance premium of N45,000 for 15…Assume that, for a certain country in a given year,…If the price Index of export is 140% and import is…