If you are unsure whether your CHT Thermocouple probe is reading correctly (MGL Avionics type-K thermocouple), there are a few simple tests you can do:
With the CHT probe still connected to the instrument, hold the probe ring in a pot of rapidly-boiling water. You should get a reading of around 100 deg C / 212 deg F on the instrument.
To check the probe as a loose item, hold the probe ring in a pot of rapidly-boiling water. Set multimeter to millivolt scale. Due to lack of compensation in the measurement (function of instrument) the result will vary quite a bit but you should get around 3-5mV at 100 deg C / 212 degF.