The inflation rate of the country given the CPI IN 2004 and 2005 is 3%.
Inflation rate is when there is a persistent rise in the general price levels of a country. The consumer price index is used to measure the price level of a basket of goods.
Inflation rate = (CPI in 2005 / CPI in 2004)
(103 / 100 )= 0.03 = 3%
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