The Consumer Price Index in June 2006 was 159.3 (1982-84 = 100). What does this indicate about prices from 1982-84 to June 2006?
A)It rose 59.3%.
B)It rose 100.0%.
C)It rose 159.3%.
D)It declined 159.3%.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) of 159.3 in June 2006, with a base of 100 for the years 1982-84, indicates that prices increased by 59.3% from the base period to June 2006.

The Consumer Price Index in June 2006 Was 159