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    If the price index increased from 100 in 2021 to 110 in 2022 to 132 in 2023, then the rate of inflation is:
    Question

    If the price index increased from 100 in 2021 to 110 in 2022 to 132 in 2023, then the rate of inflation is:

    A.

    10%

    B.

    32%

    C.

    20%

    D.

    Cannot be determined

    Correct option is C

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