question 3 points 2 the annual inflation rate is calculated by comparing _. the current years cpi with the…

question 3 points 2 the annual inflation rate is calculated by comparing _. the current years cpi with the cpi of the previous year. the highest and lowest cpi values within a year. the cpi of a country with the cpi of a neighboring country. the producer price index (ppi) with the consumer price index (cpi).

question 3 points 2 the annual inflation rate is calculated by comparing _. the current years cpi with the cpi of the previous year. the highest and lowest cpi values within a year. the cpi of a country with the cpi of a neighboring country. the producer price index (ppi) with the consumer price index (cpi).

Answer

Answer:

the current year's CPI with the CPI of the previous year.

Brief Explanation:

The annual inflation rate is calculated by comparing the Consumer - Price Index (CPI) of the current year to that of the previous year using the formula $\text{Inflation Rate}=\frac{\text{CPI}{\text{current}}-\text{CPI}{\text{previous}}}{\text{CPI}_{\text{previous}}}\times100%$.