Assume that the consumer price index 1970 100 is at present 500 This means that ........

Economic Affairs Others

Assume that the consumer price index (1970 = 100) is at present 500. This means that

Prices of all goods and commodities have increased five times.

Prices of all consumer goods have increased five times.

Prices of all items in a specified list have increased by 400%.

Prices have increased and the weighted mean price increase for specified items is 400%

Prices of all items in a specified list have increased by 400%.

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