Question: The reference base period for the CPI is 1 9 8 2 - 1 9 8 4 . In January 2 0 1 5 ,

The reference base period for the CPI is 1982-1984.
In January 2015, the CPI was 233.7.
What does this number tell us?
This number tells us that the of the prices paid by urban consumers for a fixed basket of consumer goods and services was
A. average; 233.7 percent higher in January 2015 than the average of 1982-1984
B. inflation rate; 133.7 percent per year
C. inflation rate; 233.7 percent per year
D. average; 133.7 percent higher in January 2015 than the average of 1982-1984
The reference base period for the CPI is 1 9 8 2

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