The Consumer Price Index in 2020 was 117 in Canada. This means that:
a. The cost of buying the market basket was 17% higher in 2020 than in the base year.
b. The cost of buying the market basket was 117% higher in 2020 than in the base year.
c. An average consumer spent 117% more in 2020 than in the base year.
d. An average consumer spent 17% more in 2020 than in the base year.
