An economist was quoted as saying that the Cost of Living Index (COL) Will go up next month because of a recent increase in the price of meat and spices. Which of a following cannot be interred from the statement ?
A. The cost of meat and spices has risen sharply.
B. Consumers have decreased their consumption of meat and spices
C. The cost of meat and spices is a major item in the COL.
D. Food cost changes are reflected quickly in the COL.
E. Other items that make up the COL have not significantly decreased in price.
