According to the Bank of Canada's Website,Canada's Consumer Price Index

question 71

Multiple Choice

According to the Bank of Canada's website,Canada's Consumer Price Index (CPI) in August 2012 was 121.8,August 2013 was 123.1,August 2014 was 125.7 and August 2015 was 127.3.Given this set of index numbers,what is the percentage change in the average level of prices between August 2012 and August 2015?

• A)127.3%
• B)121.8%
• C)5.5%
• D)4.5%
• E)27.3%

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The average value of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.

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