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2.1.2 Inflation

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Question 11

In response to escalating price pressures in early 2023, the Central Bank of Kenya raised its benchmark lending rate (the Central Bank Rate) to 10.50% to anchor inflationary expectations and align consumer price increases with its target of 5.0%.

Define the term 'inflation'.

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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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