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The current price index (base 1960) is nearly 330. This means that

all items cost 3-3 times more than what they did in 1960
the prices of certain selected items have gone up to 3-3 times
weighted means of prices of certain item has increased 3-3 times
gold price has gone up 3-3 times

Correct Answer: weighted means of prices of certain item has increased 3-3 times

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