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If the CPI for 1999 equal 1.24 for a base year of 1996, then -The average level of prices in 1996 are higher then in

If the CPI for 1999 equal 1.24 for a base year of 1996, then

-The average level of prices in 1996 are higher then in 1999

-The average level of prices were 24% higher in 1996 than 1999

-The average level of prices were 24% higher in 1999 than 1996

-The purchases in 1996 were more than those in 1999

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