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

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

Answer: Option C

Explanation:

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