Answer:
The correct answer is B.
Explanation:
Giving the following information:
The consumer price index for 2010 was 160.6 and for 2011 it was 163.1.
To calculate the inflation rate we need to use the following formula:
Inflation rate= [(PC1 - PC0)/PC0]*100
Inflation rate= [(163.1 - 160.6)/160.6]*100= 1.56%
