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3.4.3 Calculate the effect of inflation
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Price indexes compare basket costs

Price indexes compare basket costs

A price index compares the cost of the same basket of goods and services in two years. The base year is given an index value of 100.

3.4.3 Calculate the effect of inflation Lesson

  1. GCSE
  2. /Economics
  3. /3.4.3 Calculate the effect of inflation

Step-by-step lessons on OCR GCSE Economics 3.4.3 Calculate the effect of inflation. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons