What does it mean when the CPI is higher this year than last?
A) The rate of inflation has increased.
B) There has been inflation since last year.
C) Real prices have increased.
D) Real prices have decreased.

Question

Quizplus · Accepted Answer

When the Consumer Price Index (CPI) is higher this year compared to last, it indicates that there has been inflation since last year, meaning the general level of prices for goods and services has risen.

What Does It Mean When the CPI Is Higher This