Question 1168964
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<pre>

    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+0.03)^10}}} = {{{1.03^10}}} = 1.344   (rounded).    


    The CPI is, therefore, 0.344, or 34.4%.        <U>ANSWER</U>
</pre>

Solved and answered.


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To see many other similar solved problems on inflation, &nbsp;see the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Inflation-and-Salary-problems.lesson>Inflation and Salary problems</A> 

in this site.



Also, &nbsp;you have this free of charge online textbook in ALGEBRA-I in this site

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson>ALGEBRA-I - YOUR ONLINE TEXTBOOK</A>.


The referred lesson is the part of this online textbook under the topic "<U>Logarithms</U>".



Save the link to this online textbook together with its description


Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson


to your archive and use it when it is needed.