Using the data in Table 2.1, compare the annual inflation rate in Q1 2023 to the annual inflation rate in Q1 2021.
Table 2.1: Consumer Price Index (CPI) for New Zealand (Base Year = 2017)
| Quarter | CPI Value |
|---|---|
| Q1 2019 | 103.0 |
| Q1 2020 | 105.0 |
| Q1 2021 | 108.15 |
| Q1 2022 | 112.0 |
| Q1 2023 | 119.84 |