Consumer price index = $\frac{\text{Price of basket of goods and services in base year}}{\text{Price of basket in current year}}$* 100.

Name: Consumer price index = $\frac{\text{Price of basket of goods and services in base year}}{\text{Price of basket in current year}}$* 100.
Brand: Quizplus
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Question

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The consumer price index is calculated as the price of the basket of goods and services in the current year divided by the price of the basket in the base year, multiplied by 100.

Consumer Price Index = Price of basket of goods and services in base yearPrice of basket in current year\frac{\text{Price of basket of goods and services in base year}}{\text{Price of basket in current year}}Price of basket in current yearPrice of basket of goods and services in base year​

Consumer Price Index = $\frac{\text{Price of basket of goods and services in base year}}{\text{Price of basket in current year}}$