Percentage increase is 2.51%.
$\text{% increase} = \dfrac{ \color{red}{ \text{final value} } - \color{blue}{ \text{initial value} } }{ \color{blue}{ \text{initial value} } } \times 100$ | $$ \begin{aligned} \color{red}{ \text{final value} } &= 56.38 \\[1.5em] \color{blue}{ \text{initial value} } &= 55 \end{aligned} $$ |
$\text{% increase} = \dfrac{ \color{red}{ 56.38 } - \color{blue}{ 55 } }{ \color{blue}{ 55 } } \times 100 $ | |
$\text{% increase} = 0.0251 \times 100 $ | |
$\text{% increase} = 2.51 \% $ |