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2.1.2 Inflation

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Question 5

With reference to Figure 1, explain how the Consumer Price Index (CPI) inflation rate is measured. Refer to the concept of weights in your answer.

Figure 1: Ireland's annual CPI inflation rates (percentage change over 12 months), January 2023 to December 2023

MonthInflation Rate (%)
Jan 20237.8
Feb 20238.5
Mar 20237.7
Apr 20237.2
May 20236.6
Jun 20236.1
Jul 20235.8
Aug 20236.3
Sep 20236.4
Oct 20235.1
Nov 20233.9
Dec 20234.6
[5]
Markscheme

2.1.2 Inflation Questions

  1. A Level
  2. /Economics
  3. /2.1.2 Inflation

53 exam-style questions on Edexcel A A Level Economics 2.1.2 Inflation. Each one has a worked solution and a mark scheme showing where the marks go.

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