The table below shows the Consumer Price Index (CPI) of a country over a period of time.
| Year | CPI |
|---|---|
| 2015 | 104 |
| 2016 | 100 |
| 2017 | 105 |
| 2018 | 112 |
| 2019 | 112 |
| 2020 | 108 |
Which one of the following can be deduced from the data?
The average price level fell between 2018 and 2019.
The inflation rate was highest in 2019.
There was deflation in both 2016 and 2020.
The inflation rate was higher in 2017 than in 2018.
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.