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Answer :
The price index was 220 one year and 238.2 the following; the inflation rate is 8.3 percent.
Inflation is defined as an increase in the Consumer Price Index (CPI), which is a weighted average of different items' prices. The index's list of commodities is determined by those are regarded indicative of a common consumption basket. As a result, the index will include various commodities based on the nation and the consumption patterns of the majority of the people. Some items may see price decreases, while others may experience price increases; hence, the total value of the CPI will be determined by the weight of each good in relation to the entire basket. Annual inflation is the percentage change in the CPI from the same month the previous year.
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