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Soviet republic the consumer price index

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Reference no: EM131760847

In a former Soviet Republic the Consumer Price Index CPI in 2017 = 88.0 (base year 2010= 100). What does this indicate about how the purchasing power of 1 Ruble changed between 2010 and 2017?

A. A Ruble in 2010 is worth only .12 Rubles relative to a Ruble in 2017

B. A Ruble in 2010 is worth more in real purchasing power than a Ruble in 2017

C. A Ruble in 2017 is worth 1.13 Rubles vs what it could have purchased in 2010.

D. A Ruble in 2017 is worth only 88% less than what it could have purchased in 2010.

Reference no: EM131760847

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