The Consumer Price Index (1982-84 = 100) reports a CPI in August 2010 for Rent of Shelter as 239.115. What is the percentage change in the price of Rent of Shelter compared to the base?
A) Increased 139.115 percent
B) Decreased 139.115 percent
C) Increased 239.115 percent
D) Decreased 239.115 percent

Question

Quizplus · Accepted Answer

The percentage change is calculated based on the difference from the base value (100) to the new value (239.115). The change is 239.115 - 100 = 139.115, which is an increase of 139.115 percent from the base.

The Consumer Price Index (1982-84 = 100) Reports a CPI