What the CPI measures
What the CPI measures
The Consumer Price Index, or CPI, is the official measure of inflation. It tracks the changing cost of a fixed basket of goods and services that households typically buy.
Step-by-step lessons on OCR GCSE Economics 3.4.2 Measuring inflation with CPI. 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.