Currently,the base year for the CPI is the average of prices in the years 1982 to 1984.

Question

Quizplus · Accepted Answer

This is true. The base year for the CPI (Consumer Price Index) in the United States is currently the average of prices in the years 1982 to 1984. This base year is used to compare current prices to past prices in order to measure inflation and changes in the cost of living. The base year is updated periodically to reflect changes in consumption patterns and market conditions.

Currently,the Base Year for the CPI Is the Average of Prices