The table shows consumer price index data for the United States.   Based on this information, what was the rate of inflation in 1993 (i.e., from 1992 to 1993)?

To calculate the rate of inflation between 1992 and 1993 using the Consumer Price Index (CPI) data, we can follow these steps:

1. ### Break Down the Problem

• Identify the CPI values for 1992 and 1993.
• Use the formula for calculating the inflation rate.

2. ### Relevant Concepts

The inflation rate can be calculated using the formula: $\text{Inflation Rate} = \frac{\text{CPI in Year 2} - \text{CPI in Year 1}}{\text{CPI in Year 1}} \times 100$ Where:

• Year 1 = 1992
• Year 2 = 1993

3. ### Analysis and Detail

Assuming the CPI values are:

• CPI in 1992 = $\text{CPI}_{1992}$
• CPI in 1993 = $\text{CPI}_{1993}$

The calculations will be: $\text{Inflation Rate} = \frac{\text{CPI}_{1993} - \text{CPI}_{1992}}{\text{CPI}_{1992}} \times 100$

4. ### Verify and Summarize

After calculating with the actual CPI values for 1992 and 1993, make sure that the value falls within a reasonable range of typical inflation rates for that period.

Final Answer

After performing the calculations with the CPI values, you will have the final inflation rate for 1993. Please provide the CPI values, and I will assist you with the calculation.