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For any given year, the CPI is: the price of the basket of goods and services in the base year divided by the price of

For any given year, the CPI is:

the price of the basket of goods and services in the base year divided by the price of the basket in the given year, then multiplied by 1000.
the price of the basket of goods and services in the given year divided by the price of the basket in the base year, then multiplied by 1000.

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