Inflation

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Question 8
Easy

In a given economy, the Consumer Prices Index (CPI) was recorded at 142.5 in December 2022 and fell to 133.8 in December 2023 due to a contraction in aggregate demand. What was the annual rate of inflation for 2023, to one decimal place, as measured by this CPI?

−6.5%-6.5\%−6.5%

−6.1%-6.1\%−6.1%

−8.7%-8.7\%−8.7%

+6.1%+6.1\%+6.1%

Inflation Questions

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