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If the CPI in Year 1 is 120 and in Year 2 is 130, then what impact will this have on the price level and

If the CPI in Year 1 is 120 and in Year 2 is 130, then what impact will this have on the price level and cost of living for individuals? Price level will increase, and the cost of living for individuals will also increase. Price level and the cost of living for individuals will remain the same. Price level will decrease, and the cost of living for individuals will also decrease. Price level will remain the same, but the cost of living for individuals will increase. Price level will decrease, but the cost of living of individuals will increase

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