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Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. U.S. inflation rate for 2018 was 2.44%, a 0.31% increase from 2017. The Consumer Price Index and Inflation - Insert an Exponential Trend Curve; The Consumer Price Index and Inflation - Calculate and Graph the Logarithm of the CPI; The Consumer Price Index and Inflation - Calculate and Graph Inflation Rates; The Consumer Price Index and Inflation - Adjust Numbers for Inflation Consumer Price Index - CPI: The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and

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A sum of $4000 is borrowed from the bank where the interest rate is 8% and the amount is borrowed for a period of 2 years. Let us find out how much will be daily compounded interest calculation by the bank on the loan provided.