If the CPI was 196.5 in 2005 and 172.2 in 2000,by what percentage did prices rise during the period 2000-2005?
A) 0.10 percent
B) 6.43 percent
C) 10 percent
D) 14.1 percent

Question

Quizplus · Accepted Answer

To calculate the percentage change in prices, we use the following formula:

Percentage change = ((new value - old value) / old value) x 100

Plugging in the values we get:

Percentage change = ((196.5 - 172.2) / 172.2) x 100
Percentage change = 14.1%

Therefore, prices rose by 14.1% during the period 2000-2005. The correct answer choice is D.

If the CPI Was 196