Wholesale price index number for the year 2014 = 177.6 and
Wholesale price index number for the year 2015 = 181.2
Rate of inflation =
\(=\frac{(Wholesale\, price\, index \, number\, for\, the\, year \,2015)-( Wholesale \,price\, index\, number\, for\,the\, year\, 2014)}{Wholesale\, price\, index\, number \,for\, the\, year\, 2014} \times 100\)
\(=\frac{181.2-177.6}{177.6} \times 100\)
\(=\frac{3.6}{177.6} \times 100\)
= \(0.0203\,\times 100\)
= 2.03 %
