If the CPI rises from 180 to 270,prices have risen by

Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) is a measure of the average change in prices of goods and services consumed by households. If the CPI rises from 180 to 270, it means that the overall price level has increased.

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

Percentage increase = ((New value - Old value) / Old value) x 100

Plugging in the values, we get:

Percentage increase = ((270 - 180) / 180) x 100 = 50%

Therefore, prices have risen by 50%. Hence, option B is correct.

If the CPI Rises from 180 to 270,prices Have Risen