Decembe The following table lists the per gallon prices of gas and milk for the months of and February. Assume that the

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Decembe The Following Table Lists The Per Gallon Prices Of Gas And Milk For The Months Of And February Assume That The 1 (31.93 KiB) Viewed 10 times

Decembe The following table lists the per gallon prices of gas and milk for the months of and February. Assume that the typical consumer buys 100 gallons of gas and 11 gallons month, and that December is the base period. Month December January February Price of Gas a. (Dollars per gallon) b. 5.32% C. -4.76% 3.50 d. 4.55% 3.95 4.15 Price of Milk (Dollars per gallon) Refer to Table 24-3. What is the inflation rate for January? 11.64% 3.50 3.52 3.58