If the CPI falls from 142 to 140 between two consecutive years,this implies that prices fell by 2% between those two years.

Name: If the CPI falls from 142 to 140 between two consecutive years,this implies that prices fell by 2% between those two years.
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Quizplus · Accepted Answer

The calculation for percentage change in CPI is (New CPI - Old CPI)/Old CPI * 100. Using this formula, we get a percentage change of -1.4% [(140-142)/142 * 100]. Therefore, prices fell by 1.4%, not 2%.

If the CPI Falls from 142 to 140 Between Two