The table below shows the consumer price indices and relative weights for three major categories of household expenditure in an economy for Year 1 and Year 2.
| Category | Weight (%) | Year 1 Price Index | Year 2 Price Index |
|---|---|---|---|
| Housing & Utilities | 40 | 110 | 115 |
| Transport & Fuel | 35 | 120 | 132 |
| Food & Recreation | 25 | 100 | 104 |
What is the rate of consumer price inflation between Year 1 and Year 2 (to one decimal place)?
6.3%6.3\%6.3%
6.4%6.4\%6.4%
6.5%6.5\%6.5%
7.2%7.2\%7.2%
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.