Which of the following is the correct formula for calculating the consumer price index?
a. [ (CPI in year 1 - CPI in year 2) / CPI in year 2] x 100
b. [ (price of basket of goods and services in current year / price of basket in base year) ] x 100
c. [ (price of basket of goods and services in current year - price of basket in base year) / price of basket in base year ] x 100
d. [ (price of basket of goods and services in base year / price of basket in current year) ] x 100
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