Question

Over the 7 years, the period from 2004-2005 to 2010- 2011 inflation rate has been ______ percent per annum

Options

• 6

• 7

• 5

• 4

Answer 1

Over the 7 years, the period from 2004-2005 to 2010- 2011 inflation rate has been 6 percent per annum

Explanation:

Inflation is a key measure of a country's economic health. The inflation rate is the rate at which prices, commodities, and services in an economy grow in general, and how this impacts the cost of living of those who live in that country. It has an impact on interest rates paid on savings and mortgages, as well as the number of state pensions and benefits received.