If the current year CPI is 140, then the price level has increased 40 percent since the base year.

Name: If the current year CPI is 140, then the price level has increased 40 percent since the base year.
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The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. A CPI of 140 means that the price level has increased by 40% from the base year (when the CPI is set to 100).

If the Current Year CPI Is 140, Then the Price