Economics JAMB

If Nigeria’s composite price index in 1999 was 140.03% in 2000; the rate of inflation in 2000 was?
If Nigeria’s composite price index in 1999 was 140.03% in 2000; the rate of inflation in 2000 was?If Nigeria’s composite price index in 1999 was 140.03% in 2000; the rate of inflation in 2000 was?

A. 4.02%
B. 2.10%
C. 2.06%
D. 1.03%

Correct Answer:

Option D – 1.03%

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4 years ago

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