The table below shows the Consumer Price Index (CPI) of a country over a six-year period.
| Year | CPI |
|---|---|
| 2018 | 110 |
| 2019 | 115 |
| 2020 | 112 |
| 2021 | 112 |
| 2022 | 121 |
| 2023 | 118 |
Which one of the following can be deduced from the data?
The inflation rate was highest in 2019.
There was deflation in both 2020 and 2023.
The average price level fell between 2020 and 2021.
The inflation rate was lower in 2022 than in 2019.
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.