The inflation rate of the U.S. dollar is 3.1 percent. What this means is that every year, prices increase by 3.1 percent. If a pound of meat cost $2.37 nine years ago, what does it cost now?

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1. The inflation rate of the U.S. dollar is 3.1 percent. What this means is that every year, prices increase by 3.1 percent. If a pound of meat cost $2.37 nine years ago, what does it cost now?