Question: The reference base period for the CPI is 2002. In September 2017 the CPI was 130.8 Complete the sentence. This number tells us that the

The reference base period for the CPI is 2002.

In September 2017 the CPI was 130.8

Complete the sentence.

This number tells us that the ______ of the prices paid by urban consumers for a fixed basket of consumer goods and services was ______ .

Options:

A. inflation rate; 130.8 percent per year

B. inflation rate; 30.8 percent per year

C. average; 30.8 percent higher in September 2017 than it was on average during 2002

D. average; 130.8 percent higher in September 2017 than it was on average during 2002

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