The CPI in November 2015 was equal to 237.3, and in 2016 it was equal to 241.4. This means that the inflation rate between November 2015 and November 2016 was equal to

A. 1.02 percent.
B. 1.7 percent.
C. 4.1 percent.
D. 0.41 percent.


Answer: B

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