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Question 8

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?

A

$−6.5%-6.5\%$

B

$−6.1%-6.1\%$

C

$−8.7%-8.7\%$

D

$+6.1%+6.1\%$

Markscheme

Inflation Questions

A Level
Economics
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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