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If the CPI changes from 125 to 120 between 2015 and 2016, how did prices change between 2015 and 2016?

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If the CPI changes from 125 to 120 between 2015 and 2016, how did prices change between 2015 and 2016?

If the CPI changes from 125 to 120 between 2015 and 2016, how did prices change between 2015 and 2016?
A) Prices increased by 5%.
B) Prices decreased by 5%
C) Prices increased by 25%.
D) Prices decreased by 4%.

Textbook

InMacro

InMacro

Edition: 1^st

Authors: Hubbard, O'Brien

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