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In 2005 the Consumer Price Index for Ottawa Was 130

Question 25

Multiple Choice

In 2005 the Consumer Price Index for Ottawa was 130.2 and for Victoria it was 125.5. This means:


A) that prices have increased by a greater percentage in Ottawa than Victoria over the last year.
B) that prices have increased by a greater percentage in Ottawa than Victoria since 1992.
C) that prices were higher in Victoria than Ottawa.
D) None of the above is necessarily correct.

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