1) Given that CPI(1975)=53

Subject:MathPrice:2.86 Bought9

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1) Given that CPI(1975)=53.8, and CPI(2015)=213.017, calculate the inflation rate between 1975 and 2015.

2)   Compare your answers to (1) and (2) are your numbers the same?

If not, what do you think is the reason for the discrepancy between them?

3)   In your opinion, do you think it was easier to buy the house in 1975 or in 2015? Explain your answer.