The table below shows the price index for Zimbabwe starting in 2000. 
www.econstats.com
Which of the following statements CORRECTLY describe the behavior of prices in Zimbabwe?
I. The cost of the CPI basket increased.
II. The inflation rate was 73.4 percent between 2000 and 2001.
Definitions:
Market Price
The price at which goods are bought and sold in a competitive marketplace, constantly influenced by supply and demand.
Economic Profits
The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs, indicating the firm's financial performance beyond breaking even.
Market Price
The current price at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.
Economic Profits
Profits calculated by subtracting both explicit (direct payments) and implicit (opportunity) costs from total revenues.
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