The following table shows data on the Consumer Price Index over the past few years.

Based on this data, what is the base year used in the CPI calculations?

Question

The following table shows data on the Consumer Price Index over the past few years. 
  
   
 Based on this data, what is the base year used in the CPI calculations?

Answer

We cannot tell based on the given information.

Answer

It can be any year that we choose. It depends on the researcher's assumption.

Answer

2015, because that is when the CPI was 100.

Answer

2012, because it is the first year in the data set.

Year	CPI
2012	95
2013	97
2014	98
2015	100
2016	102.5
2017	104

Crowdly

The following table shows data on the Consumer Price Index over the past few yea...

Want instant access to all verified answers on moodle.dawsoncollege.qc.ca?