The nominal price of the valuable asset in 2012 is $1,526,316.
Data and Calculations:
Price of a valuable asset in 1995 = $1 million
CPI in 1995 = 95
CPI in 2012 = 145
Nominal price in 2012 = $1,526,316 ($1,000,000 x 145/95)
Thus, given the CPI (Consumer Price Indexes) in 1995 and 2012, the nominal price of the asset in 2012 is $1,526,316.
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