The acronym for the formula to find the inflation rate, [(New Price - Original Price)/Original Price] (100) is B. NOO.
The inflation rate is the rate of increase in prices from one period of time to the next.
In the United States, the Consumer Price Index (CPI) is often used to gauge inflation.
Thus, the acronym for the formula to find the inflation rate, [(New Price - Original Price)/Original Price] (100) is B. NOO.
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