Inflation

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Question 23
Easy

Explain, using the information in Fig. 3.1, what has happened to the real price of public transport fares between 2010 and 2024.

Fig. 3.1: Index of CPI and public transport fares 2010–2024 (Base Year 2010 = 100)

YearConsumer Price Index (CPI)Public Transport Fares IndexAverage Passenger Journeys Index
2010100.0100.0100.0
2012106.4109.5102.1
2014110.2116.2104.5
2016112.5122.8105.8
2018117.8131.0103.2
2020121.3138.572.4
2022132.5154.088.6
2024145.8178.694.2
[2]

Inflation Questions

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