Experience the convenience of getting your questions answered at IDNLearn.com. Receive prompt and accurate responses to your questions from our community of knowledgeable professionals ready to assist you at any time.

If over the past year, food prices increased by a higher percentage than the increase of CPI, and Anna spent a larger percentage of her income on food than a typical consumer did, CPI is likely to _______ the increase of Anna's living cost.
(Assume the basket used for CPI is up to date)
a) underestimate
b) overestimate
c) accurately estimate