Suppose an index of average prices of imported goods in Canada indicates an increase in price of 2.3% over a 12-month period. Over the same period the Consumer Price Index indicates an increase in the general price level of 2.3%. What is the change in the price of imports relative to the change in the overall price level?

Select one:

A.

no change

B.

an increase of 4.6%

C.

an increase of 2.3%

D.

a decrease of 4.6%

E.

a decrease of 2.3%