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QUESTION 2 a) Calculate the year-on-year inflation rate for January to May 2019 using the...

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QUESTION 2 a) Calculate the year-on-year inflation rate for January to May 2019 using the Consumer Price Index provided below. Year/Month Index 2012=100 Year/Month Index 2012=100 Inflation Rate (y-o-y) Jan-18 212.4 Jan-19 224.9 (i) Feb-18 208.1 Feb-19 220.6 (ii) Mar-18 207.5 Mar-19 217.0 (iii) Apr-18 211.7 Apr-19 222.2 (iv) May-18 215.1 May-19 227.6 [1 mark each = 5 marks]

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