Question 13.16

9. The accompanying table contains two price indexes for the years 2011, 2012, and 2013: the GDP deflator and the CPI. For each price index, calculate the inflation rate from 2011 to 2012 and from 2012 to 2013.

Year GDP deflator CPI
2011 103.199 224.939
2012 105.002 229.594
2013 106.588 232.957