Question 64 A Consumer Price Index of 120 for a certain year compared to the base year (1982-84) means that the average price of consumer items in that year was 120% higher than the average price in the base period 1982-84. about $120 per basket of consumer goods and services 20% higher than the average price of the preceding year. 20% higher than the average price in the base period 1982-84 Moving to another question will save this response. 40 + +