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Inflation

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Question 42

The table below shows the Consumer Price Index (CPI) of an economy from 2020 to 2024.

YearConsumer Price Index (CPI)
202097.4
2021100.0
2022105.4
2023112.5
2024116.8

Using the data in the table, what was the annual rate of inflation in 2023?

A

6.74%6.74\%6.74%

B

7.10%7.10\%7.10%

C

12.50%12.50\%12.50%

D

3.82%3.82\%3.82%

Markscheme

Inflation Questions

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

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

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