Extract A: Annual Inflation rates (%) in the Republic of Vesperia as measured by the Consumer Prices Index (CPI) and the Core Consumer Prices Index (Core CPI), 2016–2023
| Year | CPI (%) | Core CPI (%) |
|---|---|---|
| 2016 | 1.2 | 1.5 |
| 2017 | 2.1 | 1.9 |
| 2018 | 2.4 | 1.8 |
| 2019 | 1.5 | 1.6 |
| 2020 | 0.6 | 1.1 |
| 2021 | 3.4 | 2.8 |
| 2022 | 8.2 | 6.1 |
| 2023 | 5.6 | 4.8 |
Using Extract A, calculate the difference between the annual average value of CPI and the annual average value of Core CPI for the years 2018 to 2021, and identify one other significant comparison between the CPI and the Core CPI for the period 2016 to 2023.
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.