In 2000, the average price of a basket of groceries was $120 By 2020, the average price of the same basket had increased to $180 The CPI was 120 in 2000 and 180 in 2020. What was the percentage change in the price of the basket of groceries from 2000 to 2020? Formula: percentage change in price=((CPI_2−CPI_1)/(CPI_1))⋅100