SOLUTION: If inflation had been 3% each year from 1997 to 2007, what would the CPI have been in 2007?

    CPI,  Consumer Price Index


    The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers 
    for a market basket of consumer goods and services.


    See this Internet page

https://www.bls.gov/cpi/#:~:text=The%20Consumer%20Price%20Index%20(CPI,of%20consumer%20goods%20and%20services.

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    The price increase factor due to inflation =  =  = 1.344   (rounded).    


    The CPI is, therefore, 0.344, or 34.4%.        ANSWER