The consumer price index for education in January 2019 was 263.125. In January 2020, the CPI for education was 268.841. Find the percent increase in the education inflation rate between the two years. (See Example 5 in this section. Round your answer to three decimal places.)


To calculate the percent increase in the Consumer Price Index (CPI) for education between January 2019 and January 2020, we use the following formula:

\[
\text{Percent Increase} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100
\]

Given dataTo calculate the percent increase in the Consumer Price Index (CPI) for education between January 2019 and January 2020, we use the following formula:

\[
\text{Percent Increase} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100
\]

Given 
- CPI in January 2019: 263.125
- CPI in January 2020: 268.841

Let's plug in the values and calculate the percent increase.The percent increase in the education inflation rate between January 2019 and January 2020 is **2.172%**.

Would you like further details or have any questions?

Here are 5 related questions to deepen your understanding:
1. What would be the CPI in 2021 if the same percent increase continued?
2. How does this percent increase compare with the general inflation rate?
3. How do you calculate the CPI for a different category using a similar method?
4. What factors contribute to the changes in CPI for education?
5. How does the CPI impact financial decisions for students and educational institutions?

**Tip:** When calculating percentage changes, always ensure you're comparing the "new value" with the "old value" to maintain accuracy.

The consumer price index for education in January 2019 was 263.125. In January 2020, the CPI for education was 268.841. Find the percent increase in the education inflation rate between the two years. (See Example 5 in this section. Round your answer to three decimal places.)

Learn how to calculate the percent increase in the Consumer Price Index (CPI) for education between January 2019 and January 2020 using the percent increase formula. The CPI in January 2019 was 263.125, and in January 2020, it was 268.841, resulting in a 2.172% increase. This problem is ideal for high school students learning about percentage changes and economic indicators.

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