The consumer price index (cpi) is 108 in 2008 and the inflation rate is 2% in 2009. What is the CPI in 2009?

Inflation rate in 2009 = (CPI in 2009 - CPI in 2008) / CPI in 2008 * 100%

2% = (CPI in 2009 - 108) / 108 * 100%

CPI in 2009 = 110.16